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US Ten-year yield near August lows

FXStreet (Mumbai) - The US ten-year treasury yield is falling towards 2.303, a level last seen during the month of August 2014. The yield has declined to 2.31 from yesterday’s high of 2.385.

The dovish tone of the Federal Reserve (Fed) minutes saw bond markets in the US pricing-in a delay in the interest rate hike in the US. The two-year treasury yield, a barometer of short-term interest rate expectations, has declined to 0.432.

The ten-year yield had hit a high of 2.575 post the US Fed meeting in the month of September. Since then the long end rates have been on the decline. Given the dovish tone of the minutes, the yields are likely to remain under pressure in the near term.

Ten-year Yield Technical levels

The yield has a support of 2.303 (low of 15th Aug, 2014) while the immediate resistance is located at 2.322 and the daily high of 2.337.

Netherlands, The Consumer Price Index n.s.a (YoY) fell from previous 1% to 0.9% in September

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