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US Ten-year Treasury yields at day’s high

FXStreet (Mumbai) - The Treasury yields across the short end and the long end of the bond market curve inched higher after the better-than-expected US CPI number hit the wires.

The Ten-year treasury yield is trading at a day’s high of 2.246%, up from 2.22% hit just before the release of the CPI number. Though, the data for September month managed to beat the market expectation, it still remained well below the 2% target for the second consecutive month. Meanwhile, the two –year yield, a barometer of short-term interest rate expectations, is trading at 0.378%.

Moreover, a better than expected CPI released today is likely to push up the short term inflation expectations in the US.

Ten-Year yield Technical levels

The yield has an immediate resistance of 2.264%, above which it can rise to 2.303%(Aug 15 low). Meanwhile, a failure to sustain above the immediate support of 2.229% can push the pair back to 2.20% level.

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