The yield on US Treasury bonds rose during the trading session on Wednesday, as the yield on the ten-year bonds rose from its lowest level in two weeks after falling for three consecutive days, to trade at 1.20 levels, up by about 2.24%, after testing 1.13 levels in the Asian session.

The data released this evening showed a discrepancy in the performance of economic indicators in the United States of America, where the ADP employment index in the American private sector came below market expectations, while the ISM service index rose in July better than market expectations.

US Federal Reserve Committee member Richard Clarida, in his statements at the beginning of the American session today, indicated that he was surprised by the decline in the US bond yield and attributed this to the Corona virus, and Richard expects that bond purchases from the US Federal Bank will be reduced later this year.

The US dollar is one of the biggest beneficiaries of the high yield on bonds, as it is trading at 92.25 levels, up more than 40% from its lowest level during the session.

On the other hand, the yellow metal loses all its gains and is trading at levels of 1808 dollars per ounce, after testing the levels of 1830 dollars per ounce with the beginning of the American session trading.