MARKET OVERVIEW - Yields on US and German Bonds Decline

Forex - Michael Brown from Pepperstone stated that there is still some room for final positions ahead of the U.S. presidential elections, and nearly all market participants are directly focused on this event. Senior research strategist Brown noted, "As election day approaches, we may see a bit more hedging, risk reduction, and position balancing. The $58 billion 3-year Treasury auction on Monday could attract attention." He emphasized that the issuance could stand out, especially following last week's substantial tails in both the 2-year and 5-year sales. The yield on the 10-year U.S. Treasury bond is trading at 4.313%, down 5 basis points from Friday, while the 10-year German Bund yield is nearly 2 basis points lower at 2.385%.