OctaFX | OctaFX Forex Broker
Open trading account
Back

US two-year treasury yield slumps

FXStreet (Mumbai) - The two-year treasury yield has weakened to 0.504 ahead of the US Federal Reserve (Fed) minutes indicating bond traders may be pricing-in a dovish tone of the minutes

The two year note yield, a barometer of short-term interest rate expectations, has been weakening since the last month’s Fed meet. The yield has declined from a high of 0.597 hit on 18th Sep, 2014 to the current rate of 0.504.

In case the minutes come-in dovish, we could see the two-year note yield falling much further in days ahead.

Two-year note yield technical levels

The Yield has a support level of 0.496 (yesterday’s low) and 0.484 (low of 29th Aug, 2014). On the flip side, Yield can rally to 0.536 if the today’s high of 0.519 is taken out.

USD still under pressure ahead of FOMC minutes release - FXStreet

FXStreet Chief Analyst Valeria Bednarik observes that the USD is trading lower in range as market attention concentrates on the FOMC minutes to be released at 18 GMT.
Read more Previous

USD/CAD could push lower in the next couple of weeks - TD Securities

TD Securities team of analysts look at the recent USD/CAD moves and predict that the pair could fall in the nearest future.
Read more Next
Start livechat