FXStreet (Mumbai) – The treasury yields and the commodity prices have strengthened on Monday, although concerns regarding the slowing Chinese economy still linger.
The benchmark 10-year treasury yield advanced 2.5 basis points higher to 2.176% and the 30-year yield ticked higher by 1.8 basis points to 2.879%. The 2-year yield, which tracks rate hike expectations in the US, also strengthened 1.5 basis points to 0.68%.
The uptick in the yields was accompanied by the rise in the crude oil prices. Brent crude recovered from the six month lows to trade above USD 50.00/barrel. Meanwhile, the Aussie turned out to be the biggest performer after the RBA statement showed a major shift in its view on the AUD.
Ahead in the day, the treasuries could be influenced by the US factory orders for June (expected 1.8%, previous -1.0%).
(Market News Provided by FXstreet)