FXStreet (Mumbai) – The two-year treasury yield in the US rose to its highest since September 17th after the US data showed pay growth accelerated in the third quarter.
The yield hit a high of 0.753% before trimming gains to 0.728%. The data released today showed the pay growth rose 0.6% in Q3. Moreover, the yield was trading around 0.6% ahead of the Fed statement. Then the yield spiked to 0.70% as the Fed statement talked up December rate hike bets.
Meanwhile, the 10-year yield also rose to one-month high of 2.183% today, before trimming gains to trade around 2.155%.
(Market News Provided by FXstreet)