Long-term treasury yields tick higher after jobless claims data

FXStreet (Mumbai) – The yield on the long term treasury notes in the US rose after the initial jobless claims in the US fell more than expected last week.

The 10-year yield rose from 2.3% to 2.333%, while the 30-year yield ticked higher from 3.07% to 3.132%. The long-end yields rose as the initial jobless claims remained below 300K for the 15th consecutive week.

Short-end yields fall

However, the yields on the short-term treasuries remain under pressure after the data showed core inflation slowed down in May. The 2-year yield, which mimics short-term interest rate expectations, is down 1.6 basis points to 0.645%.

Moreover, the short-end yields are under pressure after the FOMC statement released on Wednesday showed a downward revision of the median end-2016 interest rate forecast.

The yield on the long term treasury notes in the US rose after the initial jobless claims in the US fell more than expected last week.

(Market News Provided by FXstreet)