7 May 2015
Treasury yields hover near 5-month highs
FXStreet (Mumbai) - The long duration treasury yield in the US hover near the 5-month high level hit on Tuesday on the back of a global bond market sell-off.
The safe haven German Bunds' 10-year yields touched 0.535%, the highest since January. This led to a rise in the Treasury yields, sending 30-year bond yield to 2.934%, the highest in five months. Treasury prices on Wednesday were also under pressure from big sales of bonds by highly rated Apple and Anglo-Dutch oil giant Shell.
The rise in the Treasury yields was somewhat curbed by short-of-forecast US ADP employment report and worker productivity, which could discourage interest rate hikes in the US.
Currently, the 10-year yield is trading at 2.236% and the 30-year yield is trading at 2.976%.
The safe haven German Bunds' 10-year yields touched 0.535%, the highest since January. This led to a rise in the Treasury yields, sending 30-year bond yield to 2.934%, the highest in five months. Treasury prices on Wednesday were also under pressure from big sales of bonds by highly rated Apple and Anglo-Dutch oil giant Shell.
The rise in the Treasury yields was somewhat curbed by short-of-forecast US ADP employment report and worker productivity, which could discourage interest rate hikes in the US.
Currently, the 10-year yield is trading at 2.236% and the 30-year yield is trading at 2.976%.