FXStreet (Mumbai) – The yields on the US treasuries dropped ahead of the US non-farm payrolls release, with two-year yield trading at three-month low.
The benchmark 10-yr yield currently trades at 1.8465; down two basis points. Meanwhile, the 2-yr yield, which mimics short-term rate hike bets; trades around 0.71. The yield hit a three-month low of 0.6795 earlier this week and revisited the same earlier today.
The drop in the 2-year yield is largely in line with the CME fed funds futures data, which shows the markets do not see Fed moving rates higher in 2016.
The focus now is on the US non-farm payrolls release. Markets expect the data to show the jobs growth slowed in January.
(Market News Provided by FXstreet)
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