XT_Mobile_970x250_XFR
  1. Hello Guest Would you like to receive a FREE $50 No Deposit Bonus ? Check this

Treasury yields ignore Fed minutes, track oil higher

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    The rising caution at the Federal Reserve amid global turmoil showed by the Fed minutes failed to weigh over treasury yields, which continue to follow oil prices higher.

    A minor dip from the daily highs following the minutes release was quickly undone. At the time of writing, the 10-yr yield traded more than six basis points higher at 1.84%. The 2-year yield, which mimics short-term rate hike bets, was up more than 3.5 basis points at 0.758%.

    Fed minutes showed policymakers are concerned about the rising downside risks to the US economy, but are still expect inflation to rise to 2% over the medium term. Policymakers also cheered labor market strength.

    Furthermore, oil prices are up more than 6% on increased possibility of a OPEC and non-OPEC production freeze. Consequently, treasury yields remained resilient as continues recovery in oil prices could push up inflation expectations.
    For more information, read our latest forex news.
     

Share This Page

Trade indices Online