U.S. Treasury yields rise though the dollar falls ahead of closely-watched employment data for June due at 1230 GMT. The dollar falls "amid easing geopolitical concerns as U.S.-Iran talks and diplomatic efforts continue," says Kudo.com's Konstantinos Chrysikos in a note. "Progress on this front could limit safe-haven demand and weigh on the dollar," he says. Any setbacks could drive more flows into the currency, however. Meanwhile, market expectations of Federal Reserve rate hikes keep Treasury yields elevated. The two-year Treasury yield rises 1 basis point to 4.173% and the 10-year yield is up 1.8 basis points to 4.491%, according to Tradeweb. The DXY dollar index falls 0.3% to 101.078, having hit a nine-day low of 100.922 earlier. (emese.bartha@wsj.com)
Dow Jones Newswires
U.S. Treasury Yields Rise, Dollar Falls Ahead of Payrolls Data — Market Talk
U.S. Treasury yields rise though the dollar falls ahead of closely-watched employment data for June due at 1230 GMT. The dollar falls "amid easing geopolitical concerns as U.S.-Iran talks and diplomatic efforts continue," says Kudo.com's Konstantinos Chrysikos in a note. "Progress on this front cou…