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Ten-year treasury yields decline tracking a fall in the equities

FXStreet (Mumbai) - The Treasury yields in the US are trading lower tracking the weakness in the Asian and the European equity markets.

The ten-year treasury yield is trading at 2.20%, down from the high of 2.25% hit yesterday. Moreover, the bond prices rallied yesterday since the US Equity markets slumped. The DJIA ended 0.92% lower at 16, 461 levels, which led to a rise in the safe haven demand for the treasuries. The weakness in the equities has been extended into the Asian and the European equity markets today. The DAX is trading 0.90% lower while the FTSE is trading 1.08% lower today.

The treasury yields may continue to fall if the equity markets across Europe extend losses.

Ten-year Yield Technical levels

The yield has an immediate resistance of 2.25%, above which it can rise to 2.30% (Aug 15 low). On the other hand, yield can fall to 2.135%, if the immediate support of 2.17% is breached.

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