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(Bloomberg) -- FX-hedged yields on 10-year bonds of France, Germany and the U.K. now exceed the U.S. 10-year yield, removing a source of support for Treasuries, Amherst Pierpont Securities strategist Robert Sinche says in July 18 note.

• Treasuries over past two years were supported by “high yield status,” particularly at long end of curve; 10Y yield at 2.29% now is topped by fx-hedged 10Y yields of France at 2.82%, Germany at 2.55%, U.K. at 2.45%
• Flattening of UST yield curve and steepening of U.K. and euro-zone curves have made “effective hedged yields in foreign markets more attractive”
• Flatter yield curves in Canada and Japan leave their bonds relatively unattractive on hedged-yield comparison
• Related story: The Great U.S. Bond Rush Is Seen Fading as Overseas Yields Rise

To contact the reporter on this story: Anna Windemuth in New York at awindemuth1@bloomberg.net To contact the editors responsible for this story: Boris Korby at bkorby1@bloomberg.net Elizabeth Stanton

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.

• Import prices -0.2% m/m; range -1% to 0.1% (37 estimates)
• Import prices ex-petro 0% m/m; range -0.1% to 0.2% (7 estimates)
• Import prices 1.3% y/y; range 1.1% to 3.4% (9 estimates)
• "The renewed focus on inflation below the Fed’s target will direct greater attention toward key inputs, including import prices. A strengthening trend in the trade-weighted dollar over the past few years has constrained import prices -- which in fact declined for most of 2015 and 2016": Bloomberg Intelligence
• In May, the import price index fell 0.3 percent, the second decline in three months; year-over-year the index dropped 0.2 percent
• Export prices 0% m/m; range -0.7% to 0.2% (9 estimates)

To contact the reporters on this story: Chris Middleton in Washington at cmiddleton2@bloomberg.net; Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net To contact the editors responsible for this story: Alex Tanzi at atanzi@bloomberg.net Kristy Scheuble

Economic Release Details: {HBBRANN Index ECOD} --BALAZS PENZ