13 May 2015
US Treasury yields crept back from six month high
FXStreet (Mumbai) - The yields on the short duration and long duration treasury yields in US fell back from the six month highs seen on Tuesday as investors await the US advance retail sales and due to safe haven demand amid weak Chinese and German economic data.
Benchmark 10-year US Treasury yield has weakened to 2.234% from the six month high of 2.366%. The 30-year yield has dropped to 3.002%, while the 2-year yield has declined to 0.596%. The recent run up in the yields has spooked investors and led to steeper losses in the equity markets.
The drop seen today could have been due to rise in safe haven demand for the treasuries after the economic data in China disappointed expectations. Meanwhile, the data in Germany showed first quarter growth slowed down to 0.3% from 0.7% seen in Q4 2014.
Benchmark 10-year US Treasury yield has weakened to 2.234% from the six month high of 2.366%. The 30-year yield has dropped to 3.002%, while the 2-year yield has declined to 0.596%. The recent run up in the yields has spooked investors and led to steeper losses in the equity markets.
The drop seen today could have been due to rise in safe haven demand for the treasuries after the economic data in China disappointed expectations. Meanwhile, the data in Germany showed first quarter growth slowed down to 0.3% from 0.7% seen in Q4 2014.