Rising Yields Slam Global Markets

Rising U.S. yields are putting pressure on global markets, particularly on the EUR/USD exchange rate, which is near a key support level.

The US 2-Year Treasury yield has been rallying towards 4.87% in recent times, with the 10-year yield plotted below.

This surge in yields indicates that the U.S. dollar may start to pick up strength again, which could negatively impact the EUR/USD exchange rate.

The Platinum market is also feeling the pressure, with prices testing $1,750 as investors remain cautious due to persistent energy concerns.