28 Jan 2015
US Treasury yields hit session lows
FXStreet (Mumbai) - The Treasury yields across the short end and the long end of the market curve declined as the policymakers at the Federal Reserve (Fed) see inflation falling further in the near term.
10-year yield hits session lows
The 10-year yield in the US fell to 1.719%; down 10 basis points for the day as the policymakers anticipate a further fall in inflation in the near term due to the weak energy prices. The 2-year yield, which mimics the short-term interest rate expectations, dropped 2 basis points to 0.49%.
The yields also declined as the Fed sounded cautious regarding the developments in the international market. Overall the Fed repeated that it could be patient with lift-off in the interest rates, while sounding bullish on the labor market gains.
10-year yield Technical Levels
The immediate support is seen at 1.698% (Jan. 16th low), under which the yield could fall to 1.674% (Sept. 2011 low). On the flip side, the resistance is seen at 1.748% and 1.796%.
10-year yield hits session lows
The 10-year yield in the US fell to 1.719%; down 10 basis points for the day as the policymakers anticipate a further fall in inflation in the near term due to the weak energy prices. The 2-year yield, which mimics the short-term interest rate expectations, dropped 2 basis points to 0.49%.
The yields also declined as the Fed sounded cautious regarding the developments in the international market. Overall the Fed repeated that it could be patient with lift-off in the interest rates, while sounding bullish on the labor market gains.
10-year yield Technical Levels
The immediate support is seen at 1.698% (Jan. 16th low), under which the yield could fall to 1.674% (Sept. 2011 low). On the flip side, the resistance is seen at 1.748% and 1.796%.