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US Ten-year Treasury yields rise above 2.1%

FXStreet (Mumbai) - The Ten-year Treasury yields in the US are trading above 2.1% after the comments from the Federal Reserve official James Bullard lifted the equity markets across the US and the Eurozone.

The ten-year treasury yields are currently trading 2.13%, down from the day’s high of 2.164%. Fed official Bullard, a renowned hawk, surprised markets by stating that the Fed should continue with the bond buying program beyond its schedule. The Fed is scheduled to announce an end to its bond buying program later this month.

Moreover, the recovery in the equity markets reduced the safe haven demand for the treasuries, pushing the bond prices lower and the yields higher. Yields may again decline to 2% if the equity markets in the US and Europe fail to capitalize on the yesterday’s gains.

Ten-year Yield Technical levels

The yield has an immediate support of 2.123%, below which it can fall to 2.107%.Meanwhile, the yields can rise to 2.179% if the resistance of 2.146% is taken out.

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