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19 May 2015
Treasury yields rose on Monday
FXStreet (Mumbai) - The US Treasury prices fell on Monday, thereby pushing yields higher as the traders booked profits on long treasury positions initiated in the back of a weaker-than-expected US economic data released last week.
Weakness in the German bunds also added to the bearish pressure on the treasury prices. However, the drop in the bund prices was relatively less as renewed Greek concerns saw money flowing into bunds from periphery bond markets.
The 10-year yield in the US currently trades at 2.218%; down one basis points for the day, while the 30-year yield trades largely unchanged at 3.015%. Ahead in the day, the treasuries could take cues from the building permits and housing starts data in the US. However, a major trigger - Fed minutes and US CPI – are scheduled for release on Wednesday and Friday.
Weakness in the German bunds also added to the bearish pressure on the treasury prices. However, the drop in the bund prices was relatively less as renewed Greek concerns saw money flowing into bunds from periphery bond markets.
The 10-year yield in the US currently trades at 2.218%; down one basis points for the day, while the 30-year yield trades largely unchanged at 3.015%. Ahead in the day, the treasuries could take cues from the building permits and housing starts data in the US. However, a major trigger - Fed minutes and US CPI – are scheduled for release on Wednesday and Friday.