12 Jan 2015
US Treasury yields decline
FXStreet (Mumbai) - The Treasury market yield curve in the US continues to see a drop in the yields despite no surprises from the Federal Reserve (Fed) minutes and a better-than-expected jobs report in the US.
The yields have declined across the curve. The 10-yr yield has weakened 2.4 basis points to trade at 1.945%, while the 30-yr yield has declined 2.1 basis points to trade at 2.534%. At the short-end, the 2-yr yield has declined 2.4 basis points to trade at 0.553%, while the 3-yr yield is down 2.7 basis points to 0.908%.
Moreover, the 10-yr yields failed to inch higher above 2.0% on Friday after the labor department data showed solid job gains in December. However, the 0.3% drop in the average hourly earnings may have weighed over the yields. Still, the Non-farm payrolls data and the Federal Reserve minutes have done little to alter the investor expectations regarding the timing of interest rate hike in the US.
Meanwhile, the Treasuries lack fresh fundamental triggers today, hence earnings are likely to be in focus. Disappointing fourth quarter results from the Aluminum giant Alcoa may result in further slide in treasury yields.
The yields have declined across the curve. The 10-yr yield has weakened 2.4 basis points to trade at 1.945%, while the 30-yr yield has declined 2.1 basis points to trade at 2.534%. At the short-end, the 2-yr yield has declined 2.4 basis points to trade at 0.553%, while the 3-yr yield is down 2.7 basis points to 0.908%.
Moreover, the 10-yr yields failed to inch higher above 2.0% on Friday after the labor department data showed solid job gains in December. However, the 0.3% drop in the average hourly earnings may have weighed over the yields. Still, the Non-farm payrolls data and the Federal Reserve minutes have done little to alter the investor expectations regarding the timing of interest rate hike in the US.
Meanwhile, the Treasuries lack fresh fundamental triggers today, hence earnings are likely to be in focus. Disappointing fourth quarter results from the Aluminum giant Alcoa may result in further slide in treasury yields.