2 Year Treasuries

The U.S. dollar moved away from yearly highs as traders locked in profits after a strong rally and watched Treasury yields pull back. EUR/USD and GBP/USD advanced, USD/CAD eased from recent highs, while USD/JPY stayed firm near resistance despite softer yields.

US stock benchmarks moved lower as Treasury yields climbed, inflation worries intensified, and risk appetite weakened across major indices. Defensive shares found support, but technology, basic materials and major industrial names came under pressure.

The U.S. dollar came under broad pressure after the Treasury said it would boost buybacks of longer-dated government debt, pushing long-term yields lower. EUR/USD and GBP/USD advanced, while USD/CAD and USD/JPY moved lower as traders reassessed rate, bond, and commodity signals.

The U.S. dollar came under broad pressure after the U.S. Treasury said it would increase buybacks of longer-dated government debt. EUR/USD and GBP/USD advanced, while USD/CAD and USD/JPY moved lower as traders reassessed yield momentum and cross-market catalysts.

The U.S. dollar started the week on firmer footing as higher Treasury yields reinforced expectations that inflation risks could keep policy conditions tight. EUR/USD and GBP/USD moved lower, while USD/CAD rebounded after softer Canadian inflation data and USD/JPY gained with yield support.