OctaFX | OctaFX Forex Broker
Open trading account

US Ten-year treasury yield hits 2.2%

FXStreet (Mumbai) - The Ten-year treasury yield in the US is trading at a day’s high after the official data in the US showed Housing starts rose in September after a decline witnessed in the last month.

The Ten-year yield is trading at 2.19%, after having hit a high of 2.208% post the release of the housing starts data in the US. As per Deustche bank economists, “Household balance sheets are in the best shape really in about 15 years and the labor market continues to improve,”. Moreover, sustained job gains may eventually provide an additional boost to the housing sector in the US.

The Ten-year treasury yields have been rising throughout the day after the European equity markets witnessed a relief rally. The US Equity futures are also trading higher by almost 1.5%. The rising yield on the long end of the curve has also pulled up the yields at the short end. The two-year treasury yield, a barometer of short-term, interest rate expectation, is trading higher at 0.359%.

Ten-year yield Technical levels

Yields have an immediate resistance of 2.23%, breach of which shall open doors for 2.3%. On the contrary, yields may fall back to 2.07% if the support of 2.122% is breached.

AUD/USD hit fresh highs above 0.8800

AUD/USD rose to 0.8811 and printed a fresh daily highs, slightly below yesterday’s strongest levels.
Read more Previous

Russia Unemployment Rate climbed from previous 4.8% to 4.9% in September

Read more Next
Start livechat