FXStreet (Mumbai) – The yields on the treasury notes in the US advanced on Wednesday, while the US index futures ticked higher pointing to a risk-on trading on the Wall Street ahead.
The yield on the benchmark 10-yr treasury note currently trades 4 basis points higher at 2.074%. The 30-yr yield also advanced 4.5 basis points. Meanwhile, the two-year yield, which is more policy sensitive, advanced 2 basis points to 0.625%.
The treasury yields had declined in the NY session on Tuesday after the International Monetary Fund revised its global growth forecasts lower and warned about recession.
However, the equity markets paid no heed to IMF’s pessimistic outlook. The Asian stocks stayed upbeat, helping the European stocks rally. Consequently, the S&P 500 futures are indicating the index is likely to strengthen 12.75 points.
(Market News Provided by FXstreet)