9 Apr 2015
Treasury yields trade steady after FOMC minutes
FXStreet (Mumbai) - The yields on the short duration and long duration treasuries trade steady after the FOMC minutes released yesterday increased the probability of a lift-off from record low rates in 2015.
The 10-year yield trades at 1.904%, compared to the NY close of 1.902% in the previous session. The 30-year yield has gained 1.1 basis points to 2.531%, compared to the NY close of 1.528% seen in the previous session. Meanwhile, the 2-year yield, which mimics short-term interest rate expectations, is up almost one basis points to 0.54%.
The benchmark 10-year yield had shot higher to 1.925% yesterday after the minutes revealed policymakers stand divided on a June rate hike. However, the concerns regarding strong US dollar and weak March payrolls data could have capped gains.
Weekly US jobless claims data due for release today could lead to some action in the Treasury yields.
The 10-year yield trades at 1.904%, compared to the NY close of 1.902% in the previous session. The 30-year yield has gained 1.1 basis points to 2.531%, compared to the NY close of 1.528% seen in the previous session. Meanwhile, the 2-year yield, which mimics short-term interest rate expectations, is up almost one basis points to 0.54%.
The benchmark 10-year yield had shot higher to 1.925% yesterday after the minutes revealed policymakers stand divided on a June rate hike. However, the concerns regarding strong US dollar and weak March payrolls data could have capped gains.
Weekly US jobless claims data due for release today could lead to some action in the Treasury yields.