Short dated Treasury yields up on rate hike bets

FXStreet (Mumbai) – The yields on the short dated Treasury yields have remained resilient since Friday on increased expectations that the Federal Reserve would hike rates this year.

U.S. two- and three-year yields, which mimic short-term interest rate expectations, hit two-week highs of 0.65% and 1.03% in the previous session after the upbeat core durable goods orders hit the wires.

The two-year yield currently trades 3.5 basis points higher at 0.652%, while the three-year yield rose almost 1 basis points to 0.989%.

Meanwhile, the yields on the long duration treasuries slid on concerns over Greece and global economic growth.

The yields on the short dated Treasury yields have remained resilient since Friday on increased expectations that the Federal Reserve would hike rates this year.

(Market News Provided by FXstreet)