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Treasury yields set for a steepest fall since January

FXStreet (Mumbai) - The Ten-year treasury yield in the US is inching lower ahead of the US CPI data which may show prices slowed for a third month.

The ten-year yield is trading at 2.19%, down from the yesterday’s US closing of 2.218%. Moreover, the yields may post their biggest fall this month since January. Investors are likely to pour money into the treasuries, pushing yields lower, if the CPI data for September prints below the market expectation of 1.6%.

Moreover, the decline in the yield may end up being the biggest since January 2014, when the ten-year yields had declined from 3.03% to 2.644%. So far this month, the ten year yield has declined from a high of 2.507% to trade at 2.19%.

Ten-year yield technical level

The yield has an immediate resistance of 2.229% (Oct 17 high), above which it can rise to 2.28%. On the flip side, the yield can fall to 2.07% if the immediate support of 2.135% is breached.

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