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Treasury yields moderately weak ahead of US retail sales

FXStreet (Mumbai) - The yields on the safe haven treasury notes in the US are trading moderately weak ahead of the data in the US, which could show household spending ticked higher in September.

The yield on the benchmark 10-yr yield currently 2.045%; down 1.5 basis points (bps) on the day. The 30-yr yield is down 1.8 bps at 2.878%. The more policy sensitive 2-yr yield currently hovers almost one basis points lower at 0.617%.

The retail sales are seen rising 0.2% in September, while ex-auto and gas is seen rising 0.3%. The household spending in the US, along with corporate spending has stayed anaemic despite the record stock market rally, low rates, sustained labor market strength.

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