27 Feb 2015
US Treasury yields drop
FXStreet (Mumbai) - The Treasury prices in the US advanced, pushing the yields lower after Q4 2014 US GDP was revised lower than the initial estimate.
The 10-year yield fell 2.00%, from the pre-data level of 2.03%, while the 30-year yield declined to 2.606%, from the pre-data level of 2.62%. Meanwhile, the yield on the 2-year note fell to 0.642% from the pre-data level of 0.654%.
The yields came under pressure after Q4 annualised GDP as per the second estimate was revised lower to 2.2%, from the initial estimate of 2.6%. However, the data came-in higher than the expected figure of 2.0%. Thus, losses in the yield were capped to some extent.
The 10-year yield fell 2.00%, from the pre-data level of 2.03%, while the 30-year yield declined to 2.606%, from the pre-data level of 2.62%. Meanwhile, the yield on the 2-year note fell to 0.642% from the pre-data level of 0.654%.
The yields came under pressure after Q4 annualised GDP as per the second estimate was revised lower to 2.2%, from the initial estimate of 2.6%. However, the data came-in higher than the expected figure of 2.0%. Thus, losses in the yield were capped to some extent.