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US Treasury yields rise

FXStreet (Mumbai) - The US ten-year bond prices declined today during the Asian session, pushing the yield near the 2.3% level. The yields posted gains in the last week after the domestic and the overseas data reduced fears of a slowdown in the global economy.

The Ten-year yields are trading at 2.285%, up from the Friday’s close of 2.266%. The Asian equity indices are trading mixed today with the Asx up 0.86%, while the Shanghai and the Hang Seng trading weak by 0.51% and 0.74% respectively. The Indian equity markets are trading dead flat, while the Nikkei has gained 0.63%. Meanwhile, the European futures are pointing to a strong opening today.

The strength in the equity markets will keep the yields well supported ahead of the composite PMI data and the Pending home sales data in the US.

Ten-year yields Technical levels

The yield has and immediate support at 2.26%, below which it can fall to 2.24%. On the other hand, yields may rise to 2.36% if the immediate resistance located at 2.3% is breached.

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