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US treasury yields trim gains on weak data

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    US treasury prices climbed, pushing yields lower from session highs after release of weak March retail sales and producer price index (PPI) figures.

    The 10-yr yield dropped to 1.765% before recovering to 1.79%. The 2-yr yield, which mimics short-term rate hike bets, also dropped to 0.73% before recovering to 0.754%.

    Retail sales dropped by 0.3% in March from the month prior, compared to expectations of a 0.1% increase. Producer prices fell in February on lower energy and food costs, but prices were unchanged from a year ago.

    However, previous month’s retail sales figure was revised higher and that seems to have supported the yields.
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