EBC Daily Snapshot Jul 12, 2024

The yen softened after Friday's volatile start, with an earlier sharp surge sparking speculation that Tokyo intervened to lift it from 38-year lows.

EBC Financial Group
Type: STP, ECN
Regulation: FCA (UK), ASIC (Australia), CIMA (Cayman Islands), FSCA (South Africa)
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US Yields Rise Despite Buybacks; Eyes on ECB Hike

US Yields Rise Despite Buybacks; Eyes on ECB Hike

Tensions escalated as the U.S. and Iran engaged in the largest maritime exchange in six months near the Strait of Hormuz, pushing Brent crude above $100/bbl. U.S. equities remained under pressure, Treasury yields rose even after the Treasury tripled long‑term bond buybacks, and a softer dollar supported gold.
ATFX | 50 minutes ago
US Treasury Triples Long-Term Bond Buyback Size

US Treasury Triples Long-Term Bond Buyback Size

🚨 Iran attacks 10 vessels near Hormuz after US sinks 5 Iranian tankers — biggest shipping clash of the conflict. Brent tops $100 to $101.21, WTI at $96.05. Goldman warns $120 oil possible. 10Y yields hit 4.85%, highest since Nov 2023. Gold rises 1.5% to $4,418. ECB hikes 25bps today. PPI due.
CPT Markets | 2h 37min ago