FXStreet (Mumbai) – The yields on the short duration and long duration treasures in the US fell into losses ahead of the monthly retail sales and weekly jobless claims report in the US.
The yield on the benchmark 10-year treasury note currently trades 2 basis points lower at 2.458%, while the 30-year yield trades at 2.5 basis points lower at 3.183%. Meanwhile, at the short-end, the 2-year yield, which mimics short-term rate expectations, is more or less unchanged on the day at 0.729%.
Moreover, the yields have inched lower despite expectations of a 1.1% growth in retail sales, while weekly initial jobless claims are seen remaining below 300K.
The 10-year yield in the US clocked a high of 2.5% earlier today, before turning lower. Moreover, the fall in the yield ahead of the key report is mainly on account of German yields dropping sharply. The 10-year German yield now trades at 0.921, down 7 basis points.
(Market News Provided by FXstreet)