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Treasury yields rise despite weak data

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - The yields on the long duration and short duration treasury notes in the US advanced even though the data released in the US showed consumers spent less despite rise in income in December.

    As of writing, the benchmark US 10-yr treasury yield was up more than one basis point at 1.948%. The 5-yr yield was up more than 2.5 basis points. Meanwhile, even the 2-yr treasury yield, which mimics the short-term rate hike bets, was up almost 3 basis points.

    The hardening of the yields contradicts the data released today that showed the savings rate jumped to highest since Dec 2015 as spending dipped, while income rose.

    The focus now is on the US ISM manufacturing PMI due for release in the next few minutes.
    For more information, read our latest forex news.

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