FXStreet (Mumbai) – The yield on the short duration and long duration treasury notes in the US advanced on Thursday as the non-farm payrolls report is widely expected to show the labour market continued to strengthen in June.
The 10-year yield currently trades 1.8 basis points higher at 2.436%, while the 30-year yield is up three basis points at 3.224%. AT the short-end, the 2-year yield, which mimics the short-term interest rate expectations, advanced one basis points to 0.696%.
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The non-farm payrolls report due later today is likely to show the US economy added 230K jobs in June after 280K additions seen in May.
Meanwhile, the German 10-year Bund yield has advanced 4 basis points to 0.864%. The safe haven bunds suffered losses even though Greece is heading towards a referendum on Sunday.
(Market News Provided by FXstreet)