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US Treasury yields at day’s high

FXStreet (Mumbai) - The Ten-year Treasury yields in the US trade near the day’s high after the official data in the US showed the four- week moving average of jobless claims fell to its lowest since May 2000.

The Ten-year treasury yield is trading at the day’s high of 2.257% after the figures from the labor department showed The number of new claims rose to 283,000 last week from a revised 266,000 the week before. Markets expected that claims would edge higher to 281,000. Meanwhile, the Chicago Fed National activity index rose to 0.47 in September, compared to -0.21 in August. Moreover, the four-week moving average of claims fell 18,260 to 281,000, the lowest level since May 2000. The yields rose as the strong jobs data increases the probability of a sooner-than-expected interest rate hike in the US.

Moreover, the Treasury yields should continue moving higher if the US Equity markets trade on a positive note today.

US Ten-year Yield Technical levels

The yield has an immediate resistance of 2.30% while the support is located at 2.20%.

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