Treasury yields rise on solid wage gain in the US

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The short duration and the long duration treasury yields inched higher after the data in the US showed sharp rise in wages along with a drop in the unemployment rate.

    A big miss in the non-farm payrolls headline figure and the downward revision of the previous month’s number got overshadowed by strong wage growth of 0.5% m/m.

    The 10-yr treasury yield jumped more than 5 basis points from the daily lows to trade around 1.87%-1.88%; largely unchanged on the day.

    The 2-yr note, which mimics short-term rate hike expectations, also witnessed a similar move to trade more than three basis points on the day at 0.75%.
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