Back
24 Dec 2014
US Treasury yields extend post US GDP gains
FXStreet (Mumbai) - The yields across the short-end and the long-end of the treasury market curve extended gains today after recovering losses witnessed in the Asian session.
The yields have extended gains witnessed in the previous session after a surprisingly strong US third-quarter GDP report increased bets of sooner-than-expected interest rate hike in the US.
The 10-yr yields in the US rose 2.7 basis points to 2.284%, while the 30-yr yield is up 1 basis points to 2.861%. Moreover, the 10-yr yield had gained more than 10 basis points in the previous session to finish at 2.26%.
Meanwhile, at the short-end, the 2-year yield, a barometer of short-term interest rate expectations, continues to hover around the 3.5 year high of 0.747%. However, the 1-year yield has inched slightly lower to 0.242%.
The yield may continue to rise on bets of a sooner-than-expected interest rate hike as the markets lack fresh fundamental trigger as we move into the new year.
The yields have extended gains witnessed in the previous session after a surprisingly strong US third-quarter GDP report increased bets of sooner-than-expected interest rate hike in the US.
The 10-yr yields in the US rose 2.7 basis points to 2.284%, while the 30-yr yield is up 1 basis points to 2.861%. Moreover, the 10-yr yield had gained more than 10 basis points in the previous session to finish at 2.26%.
Meanwhile, at the short-end, the 2-year yield, a barometer of short-term interest rate expectations, continues to hover around the 3.5 year high of 0.747%. However, the 1-year yield has inched slightly lower to 0.242%.
The yield may continue to rise on bets of a sooner-than-expected interest rate hike as the markets lack fresh fundamental trigger as we move into the new year.