Treasury yields rise on oil

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Strength in oil is pulling treasury yields higher, although gains remain restricted due to flight to safety amid wobbly equity markets and Brexit fears.

    At the time of writing, 10-yr treasury yield was up just one basis point (bps) around 1.74%. The 2-yr yield, which mimics short-term rate hike bets, was largely unchanged around 0.728%.

    Oil prices strengthened today on prospects of a drop in the US inventories and joint OPEC and non-OPEC output freeze. Meanwhile, an upbeat China services PMI data also helped equity markets stabilize.

    Consequently, yields rose, although they still trade around multi-week lows.
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