According to Reuters, the average one-month put-call ratio on the iShares 20+ Year Treasury Bond ETF has risen to its highest level since the beginning of the year. It is reflective of growing confidence among traders that the nascent US economic recovery and rising hopes for coronavirus vaccine would lift treasury yields higher. The investment banking giant Goldman Sachs recently revised its US third-quarter gross domestic product forecast higher to 35% from 30%. Further, the Federal Reserve said on Wednesday that now sees a full-year GDP decline of 3.7% – considerably better than the 6.5% drop forecast in June. The 10-year Treasury yield rose by five basis points to 0.7% following the Fed’s rate decision and currently hovers near 0.68%. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next S&P 500 Futures track Wall Street’s post-FOMC moves below 3,400 FX Street 1 year According to Reuters, the average one-month put-call ratio on the iShares 20+ Year Treasury Bond ETF has risen to its highest level since the beginning of the year. It is reflective of growing confidence among traders that the nascent US economic recovery and rising hopes for coronavirus vaccine would lift treasury yields higher. The investment banking giant Goldman Sachs recently revised its US third-quarter gross domestic product forecast higher to 35% from 30%. Further, the Federal Reserve said on Wednesday that now sees a full-year GDP decline of 3.7% – considerably better than the 6.5% drop forecast in June. The… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
