18 May 2015
Treasury yields move higher
FXStreet (Mumbai) - Treasury prices have extended losses, thereby pushing yields higher across the yield curve ahead of the key important data releases and Fed minutes this week.
Benchmark 10-year Treasury note yields climbed to 2.20% on Monday, after closing at 2.141 percent on Friday. 30-year Treasury yield climbed to 2.997%, while the 2-year yield rose to 0.552%. Meanwhile, German bund yields also ticked higher, with the 10-year trading around 0.64% Monday. However, the rise in the bund yields has been capped on concerns Greece is nearing endgame as collateral with the banks is exhausting.
Ahead in the week, the treasuries are likely to take cues from the housing data, Fed minutes and Friday’s inflation data for April.
Benchmark 10-year Treasury note yields climbed to 2.20% on Monday, after closing at 2.141 percent on Friday. 30-year Treasury yield climbed to 2.997%, while the 2-year yield rose to 0.552%. Meanwhile, German bund yields also ticked higher, with the 10-year trading around 0.64% Monday. However, the rise in the bund yields has been capped on concerns Greece is nearing endgame as collateral with the banks is exhausting.
Ahead in the week, the treasuries are likely to take cues from the housing data, Fed minutes and Friday’s inflation data for April.