Treasury yields snap four day losing streak

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 17, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - The treasury yields ticked moderately higher today, snapping the four-day losing streak ahead of the monthly inflation data in the US.

    The 10-yr yield rose almost one basis points to 2.28%, while the more policy sensitive 2-yr yield also advanced one basis points to 0.859%. The 5-yr yield gained 1.8 basis points to trade around 1.67%.

    Yields fell on Monday; their biggest losing streak in nearly three months; after the Paris terror attacks triggered a flight to safety. Gold prices had also strengthened in Asia on Monday, before the focus shifted back to Fed tightening.

    The focus now is on the US data, which could show the CPI rose at a modest pace of 0.1% y/y and 0.2% m/m. The annualised core inflation is seen unchanged at 1.9%.
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