{"id":436702,"date":"2026-08-21T16:43:31","date_gmt":"2026-08-21T09:43:31","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/dollar-falls-alongside-bond-yields-in-final-stretch-of-the-week-436702\/"},"modified":"2026-08-21T16:43:31","modified_gmt":"2026-08-21T09:43:31","slug":"dollar-falls-alongside-bond-yields-in-final-stretch-of-the-week","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/dollar-falls-alongside-bond-yields-in-final-stretch-of-the-week-436702\/","title":{"rendered":"Dollar falls alongside bond yields in final stretch of the week"},"content":{"rendered":"
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We’re seeing a return back to the Wednesday moves as traders are continuing to weigh the US Treasury decision to double long-term debt buybacks this week. While there is a good argument that the relief bought may be a short-term solution, that is not to say that the signaling will be so quickly undone.<\/p>\n

Bessent doubled down with some verbal intervention yesterday and that continues to reaffirm their conviction in wanting markets to follow their signal.<\/p>\n

And amid some key technical breaks in dollar pairs (as well as gold), we’re seeing that continue to run in the final stretch of the week. EUR\/USD is up 0.2% to 1.1705 with buyers slowly inching towards a key test of 1.1800 down the road. Meanwhile, USD\/JPY is down 0.4% to 158.48 and nearing another test of its 200-day moving average at 158.29 again. And we also have GBP\/USD, which is trading to fresh six-month highs with the pair up 0.2% to 1.3660 levels:<\/p>\n

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A firm break of the May highs here will open up the path towards a potential retest of 1.3850 next.<\/p>\n

But as mentioned before, the run lower in the dollar will have to come alongside a further retreat in Treasury yields. And after a bit of a rebound overnight and earlier today, we’re seeing things fizzle a little.<\/p>\n

10-year yields in the US moved up to around 4.71% before falling back to 4.685% currently while 30-year yields merely pushed up to around 5.25% before falling back to 5.235% today, not yet returning to the highs around 5.33% earlier in the week.<\/p>\n

In essence, traders and investors do realise that there is a “Bessent put” in play. And with yields nudging back up a little just before slipping again, it shows that market players are well aware of the state of play.<\/p>\n

Looking elsewher, equities are also looking for a slight bounce with S&P 500 futures up 0.3% while gold is continuing to capitalise with the precious metal up 1.5% to $4,584 currently.<\/p>\n

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This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

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