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Two-year treasury hit 1-1/2 high

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The two-year treasury yield in the US rose to its highest since September 17th after the US data showed pay growth accelerated in the third quarter.

    The yield hit a high of 0.753% before trimming gains to 0.728%. The data released today showed the pay growth rose 0.6% in Q3. Moreover, the yield was trading around 0.6% ahead of the Fed statement. Then the yield spiked to 0.70% as the Fed statement talked up December rate hike bets.

    Meanwhile, the 10-year yield also rose to one-month high of 2.183% today, before trimming gains to trade around 2.155%.
    For more information, read our latest forex news.
     

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