12 Dec 2014
US Treasury yields continue to slide
FXStreet (Mumbai) - The yields across the long-end and the short-end of the treasury market curve extended decline today on disappointing economic data out of China and sell-off in European equities on concerns of sliding oil prices.
The 10-yr yield declined 5.3 basis points to 2.125%, while the 30-yr yield slid 4.7 basis points to 2.779%. At the short-end, the 2-yr yield is down 2.8 basis points to 0.58%, while the 3-yr yield is down 4.5 basis points to 1.005%. Meanwhile, the 5-yr yield has declined 5.1 basis points to 1.553%.
Moreover, the yields have declined sharply post last week’s surprisingly strong November month jobs data. The data releases out of the US continue to paint a satisfactory picture about the US economy. However, the sharp slowdown in Chinese imports released earlier this week along with a slowdown in the industrial production has renewed concerns of a slowdown in the World’s second largest economy.
Meanwhile, the risk-aversion witnessed in the global financial markets has also propped-up treasury prices on safe haven demand.
The 10-yr yield declined 5.3 basis points to 2.125%, while the 30-yr yield slid 4.7 basis points to 2.779%. At the short-end, the 2-yr yield is down 2.8 basis points to 0.58%, while the 3-yr yield is down 4.5 basis points to 1.005%. Meanwhile, the 5-yr yield has declined 5.1 basis points to 1.553%.
Moreover, the yields have declined sharply post last week’s surprisingly strong November month jobs data. The data releases out of the US continue to paint a satisfactory picture about the US economy. However, the sharp slowdown in Chinese imports released earlier this week along with a slowdown in the industrial production has renewed concerns of a slowdown in the World’s second largest economy.
Meanwhile, the risk-aversion witnessed in the global financial markets has also propped-up treasury prices on safe haven demand.