8 Dec 2014
US Bond prices witness sell-off
FXStreet (Mumbai) - The Treasury prices in the US continue to witness a sell-off today, pushing the yield higher across the market curve as the markets price-in a possibility of sooner-than-expected rate hike on a stellar jobs report released on Friday.
The 10-yr yield gained 1.9 basis points to 2.326%, while the 30-yr yield advanced 1.3 basis points to 2.977%. Meanwhile, the short-end of the curve witnessed a relatively sharp rise in the yields. The 2-yr yield advanced 1.6 basis points to 0.66%, while the 3-yr and the 5-yr yield advanced 2.7 basis points and 3.2 basis points to 1.10% and 1.714% respectively.
Post the release of a surprisingly strong November Non-farm payroll on Friday, most of the investment banks are betting the US Federal Reserve to hike rates sometime in Q3 2015. In an interview given to the ET NOW channel in India, Rob Subbaraman from Nomura Financial Advisory and Securities, said the Fed will actually start raising rates from September 2015.
The 10-yr yield gained 1.9 basis points to 2.326%, while the 30-yr yield advanced 1.3 basis points to 2.977%. Meanwhile, the short-end of the curve witnessed a relatively sharp rise in the yields. The 2-yr yield advanced 1.6 basis points to 0.66%, while the 3-yr and the 5-yr yield advanced 2.7 basis points and 3.2 basis points to 1.10% and 1.714% respectively.
Post the release of a surprisingly strong November Non-farm payroll on Friday, most of the investment banks are betting the US Federal Reserve to hike rates sometime in Q3 2015. In an interview given to the ET NOW channel in India, Rob Subbaraman from Nomura Financial Advisory and Securities, said the Fed will actually start raising rates from September 2015.