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Ten-year treasury yield hit one-month low on on Fed’s cautious approach

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 30, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    US treasury prices rice rallied pushing the yield on the benchmark 10-year Treasury note to a 1-month low, as investors cheered Federal Reserve Chairwoman Janet Yellen’s cautious stance in raising interest rates.

    The yield hit a low of 1.80%, before recovering slightly to trade around 1.821% ahead of the US ADP payrolls release.

    The downside pressure was felt more in the 2-yr treasury yield and rightfully so since it represents short-term rate hike bets. The yield dropped to 0.776% and now trades around 0.784%.

    Increased demand for US Treasury yield amid negative yields in Europe and Japan is also keeping yields under pressure.
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