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US Ten-year treasury yield at day’s high

FXStreet (Mumbai) - The ten-year treasury prices fell, pushing the yield at day’s high after the advance retail sales data for October topped consensus estimates.

The ten-year yield traded at the day’s high of 2.377% at the time of writing. The yields extended gains after the official data in the US showed retail sales rose 0.3% in October, beating the market expectation of a 0.2% gain. Moreover, retail sales less Auto print also surpassed market expectation to come-in at 0.3%.

The ten-year yields had recovered to 2.35% ahead of the data, although broader gains remained capped due to the renewed concerns of a slowdown in the Eurozone after the official data highlighted the poor performance of the top Eurozone economies in the third quarter.

Ten-year yield Technical Levels

The yield has an immediate resistance at 2.384%, above which gains could be extended to 2.407%. Meanwhile, support is seen at 2.336% and 2.319%.

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