15 Jun 2015
Treasury yields fall on Greek default risk
FXStreet (Mumbai) - The yields on the short term and long term Treasuries fell on Monday as risk of Grexit triggered a flight to safety.
The ten-year Treasury yield fell 2.6 basis points to 2.36%, while the 30-year yield fell 1.6 basis points to 3.082%. At the short-end, the 2-year yield which mimics short-term interest rate expectations fell 1.6 basis points to 0.71%.
Lawmakers in Germany, the biggest contributor to Greek aid, said the country is at risk of dropping out of the euro. Investors now await manufacturing and industrial production reports that may add to evidence the economy is gathering pace.
The ten-year Treasury yield fell 2.6 basis points to 2.36%, while the 30-year yield fell 1.6 basis points to 3.082%. At the short-end, the 2-year yield which mimics short-term interest rate expectations fell 1.6 basis points to 0.71%.
Lawmakers in Germany, the biggest contributor to Greek aid, said the country is at risk of dropping out of the euro. Investors now await manufacturing and industrial production reports that may add to evidence the economy is gathering pace.