7 Apr 2015
Treasuries yields stay flat after rising in previous session
FXStreet (Mumbai) - The yields on the short-duration and the longer duration treasuries in the US are trading flat after positing gains in the previous session on a better-than-expected US economic data.
The 10-year yield recovered from 1.826% to 1.897%, while the 30-year yield recovered to 2.555% from 2.481%. The 2-year yield, which mimics short-term interest rate expectations, recovered from 0.48% to 0.50%.
The yields shot higher on Monday after the ISM non-manufacturing data for March printed in line with market expectations. The Markit report also highlighted strong economic activity.
However, the 10-year yield still hovers around 1.90%, as the disappointing non-farm payrolls data released on Friday has triggered speculation that the Federal Reserve may not hike rates till late 2015 or early 2016.
The 10-year yield recovered from 1.826% to 1.897%, while the 30-year yield recovered to 2.555% from 2.481%. The 2-year yield, which mimics short-term interest rate expectations, recovered from 0.48% to 0.50%.
The yields shot higher on Monday after the ISM non-manufacturing data for March printed in line with market expectations. The Markit report also highlighted strong economic activity.
However, the 10-year yield still hovers around 1.90%, as the disappointing non-farm payrolls data released on Friday has triggered speculation that the Federal Reserve may not hike rates till late 2015 or early 2016.