30 Apr 2015
Treasury yields tick higher
FXStreet (Mumbai) - The yields on the short duration and long duration treasuries in the US ticked moderately higher a day after the Federal Reserve offered no clues regarding the timing of a rate hike in the US.
The 10-year yield gained 1.3 basis points to 2.048%, while the 30-year yield rose 1.8 basis points to 2.76%. Meanwhile, the 2-year yield is up almost one basis points at 0.575%. The 10-year yield had clocked a high of 2.3081%, before ending the New York session at 2.32% on Wednesday.
The Fed statement was pretty much in line with the market expectation, as it termed the slowdown in the Q1 temporary, while indicating moderate growth and job gains ahead.
The 10-year yield gained 1.3 basis points to 2.048%, while the 30-year yield rose 1.8 basis points to 2.76%. Meanwhile, the 2-year yield is up almost one basis points at 0.575%. The 10-year yield had clocked a high of 2.3081%, before ending the New York session at 2.32% on Wednesday.
The Fed statement was pretty much in line with the market expectation, as it termed the slowdown in the Q1 temporary, while indicating moderate growth and job gains ahead.