Oil Extends Declines, Down 5% for the Week
June 23, 2023
Down week for Wall Street, downcast by message from central banks
June 26, 20230823 ET – Treasury yields decline as the recent turbulence in Russia seems to increase demand for the safety of US government debt. “Yields are likely to remain pressured as uprising geopolitical problem (Russia) allure foreign investments,” Spartan’s Peter Cardillo says in a note. May durable goods sales are expected to have contracted in data due tomorrow, while Chair Powell is set to deliver public speeches in Europe Wednesday and Thursday. The 10-year yield is at 3.703% and the two-year at 4.725%. ([email protected]; @ptrevisani)
(END) Dow Jones Newswires
June 26, 2023 08:24 ET (12:24 GMT)
Document DNCO20230626003865
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