OctaFX | OctaFX Forex Broker
Open trading account

US Treasury yields inch lower

FXStreet (Mumbai) - The treasury yields at the short end as well as the long end of the yield curve in the US have inched lower today. The weakness has been extended as the European equity markets opened lower contradicting the rebound witnessed in the Asian equities today.

The ten-year treasury yield is trading at 2.18%, down from the day’s high of 2.225%. Meanwhile, the two year yield, a barometer of short-term interest rate expectations, has declined to 0.363%, from the day’s high of 0.379%.

Moreover, the dovish comments from the Federal Reserve (Fed) official Bullard on last Thursday helped the equity markets rebound thereby pushing the bond prices lower. However, the slide in the yields may resume once again if the equities show fresh signs of weakness.

Ten-year yield Technical level

The yield has an immediate support of 2.176% (Oct 14 low), below which yields can fall to 2.122% (Oct 17 low). On the other hand, yields may rise to 2.303% (Aug 15 low), if the immediate resistance of 2.229% is breached.

Italy Industrial Sales s.a. (MoM) down to 0.4% in August from previous 1%

Read more Previous

GBP/USD trading sideways around 1.6090 levels - FXStreet

FXStreet Editor and Analyst Omkar Godbole notes that GBP/USD is trading close to 1.6090 on Monday, attempting to push through the resistance level of 1.6120.
Read more Next
Start livechat