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US treasury yields back-off from one-month high

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The US treasury yields jumped to one-month high after the non-farm payrolls report showed economy added far more jobs that expected in February.

    However, the slowdown in the wage growth ensured the yields trimmed gains.

    The yield on the 10-year Treasury note gained 5.5 basis points to 1.885%, its highest level since Feb. 1, before trimming gains to 1.857%.

    The 2-year yield, which mimics rate hike bets, jumped to 0.893%, before falling back to 0.854%.

    The early jump in the yields was on speculation that continued strength in the labor market could keep the Federal Reserve on track to raise interest rates.
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