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Short duration Treasury yields drop from 5-1/2 year high

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The short duration treasury yields in the US fell into losses after having revisited 5-1/2 year highs following the release of the strong NFP report.

    The two-year yield, which mimics rate hike bets, clocked a high of 0.991% (5-1/2 year high) before falling into losses to trade around 0.939%; down almost two basis points on the day. The benchmark 10-year yield also erased gains to trade more than two basis points lower at 2.305%.

    The jobs report released an hour ago showed a robust monthly 211,000 increase in payrolls in November, with upward revisions to previous months, and an unemployment rate steady at 5%.
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