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US treasury yields rise ahead of 10-year note auction

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 9, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The yields on the long duration and short duration treasury notes in the US advanced as equities embraced risk and investors eyed a 10-year note auction.

    At the time of writing, 10-yr yield was up more than 4.5 bps at 1.88%. The 30-yr yield was up 4.7 bps as well. Meanwhile, the 2-yr yield, which mimics short-term rate hike bets, also traded 2 bps higher.

    The Treasury holds its 10-year note auction today and will sell $12 billion of 30-year bonds on Thursday.

    Risk sentiment stabilized today as markets expect the ECB to announce a big bazooka during its rate review scheduled tomorrow.
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