17 Jun 2015
Treasury yields dip before the Fed meeting
FXStreet (Mumbai) - The US Treasury yields extended the decline in the Asians session today as the demand for the same haven treasuries remains strong amid Greek impasse.
Yields also dropped as investors anticipated that the Federal Reserve is likely to lower its forecasts on the economy and the federal funds rate, known as the "dot plot," when it concludes its two-day meeting on Wednesday.
The benchmark 10-year yield fell one basis points to 2.306%, while the 30-year yield fell 1.5 basis points to3.038%. Meanwhile, the 2-year yield, which mimics short-term interest rate expectations, remains largely unchanged at 0.698%.
Investors are also focused on whether the Fed will change the language in the statement about the ongoing slack in the labor market, after May's employment report.
Yields also dropped as investors anticipated that the Federal Reserve is likely to lower its forecasts on the economy and the federal funds rate, known as the "dot plot," when it concludes its two-day meeting on Wednesday.
The benchmark 10-year yield fell one basis points to 2.306%, while the 30-year yield fell 1.5 basis points to3.038%. Meanwhile, the 2-year yield, which mimics short-term interest rate expectations, remains largely unchanged at 0.698%.
Investors are also focused on whether the Fed will change the language in the statement about the ongoing slack in the labor market, after May's employment report.