9 Dec 2014
US Treasury yields decline on risk aversion
FXStreet (Mumbai) - The Treasury prices in the US rose, pushing the yields lower across the short-end as well as the long-end of the market curve as risk aversion in the global financial markets across increased safe haven appeal of the US treasuries.
At the long-end, the 10-yr yield has declined 3.7 basis points to 2.22%, while the 30-yr yield is down 3.3 basis points to 2.867%. Meanwhile, at the short-end of the curve, the 2-yr yield is down 3.2 basis points at 0.604%. On similar lines, the 3-yr yield and 5-yr yield declined 3.8 and 4.6 basis points to 1.03% and 1.618% respectively.
The yields have declined despite reports that the Federal Reserve officials at the next meeting, are likely to drop the “considerable time” pledge and may affirm their plan to start raising interest rates in 2015.
Moreover, the benchmark bond yields declined across the globe on broad based risk aversion in the financial markets. Falling Crude prices also pushed the yields lower across advanced nations, who continue to battle the disinflationary pressures.
At the long-end, the 10-yr yield has declined 3.7 basis points to 2.22%, while the 30-yr yield is down 3.3 basis points to 2.867%. Meanwhile, at the short-end of the curve, the 2-yr yield is down 3.2 basis points at 0.604%. On similar lines, the 3-yr yield and 5-yr yield declined 3.8 and 4.6 basis points to 1.03% and 1.618% respectively.
The yields have declined despite reports that the Federal Reserve officials at the next meeting, are likely to drop the “considerable time” pledge and may affirm their plan to start raising interest rates in 2015.
Moreover, the benchmark bond yields declined across the globe on broad based risk aversion in the financial markets. Falling Crude prices also pushed the yields lower across advanced nations, who continue to battle the disinflationary pressures.