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US Treasury yields fall with US Equity futures

FXStreet (Mumbai) - The gains in the treasury yields across the short end and the long end of the US bond market curve have been halted by the weakness in the US Equity futures today.

Meanwhile, the US Equity futures have come under pressure on concerns that the Ebola virus may spread in the US. Moreover, a New York City doctor tested positive for Ebola after returning from work in West Africa with an aid agency, a government official said. “Ebola added to the risk-off sentiment, which underpins demand for haven assets like Treasuries”, said a senior rates strategist at ING Groep NV in Amsterdam.

The S&P futures are trading 0.30% lower at 1940.15 while the NASDAQ futures are trading 0.34% lower at 3991.70. The Ten-year treasury yields may slide further if the US Equity futures extend the losses during the US Session.

Ten-year yield Technical levels

The yield has an immediate resistance of 2.30%(yesterday’s high), above which the yields can rally to 2.322% (Aug. 28 low). On the flip side, yields may decline to 2.17% if the immediate support of 2.22% is breached.

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