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US 10 year feeling the strength of the overall change in the dollar

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US 10 year treasuries ( IEF , quote ) are feeling the strength of the dollar's overall change in character.

The US dollar is now both a risk on and risk off trade. 1.82 is a major level to watch for US 10 year treasury yields. A break through resistance will put more pressure on commodities. Emerging markets ( EEM , quote ), meanwhile, are holding serve against developed markets --namely, the S&P 500 ( SPY , quote ) -- after a second rally that signals at least a bounce from oversold levels.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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