21 Jul 2015
Two-tear Treasury yield backs off from 2-1/2 week highs
FXStreet (Mumbai) - The yield on the 2-year note, which mimics short-term interest rate expectations, fell, from the 2-1/2 week high of 0.71% on Monday.
Rate hike expectations, reduced Grexit concerns weigh over treasuries
St. Louis Fed President James Bullard told Fox Business Network on Monday that there was a better than 50% chance that the US central bank will raise interest rates in September. Consequently, the two-year yield jumped to 2.71%.
Meanwhile, falling Greek uncertainty has pushed the Fed one step closer to the much awaited interest rate hike and has reduced the safe haven demand for the treasuries.
The 2-year yield currently trades 0.698; down almost one basis point on the day. Meanwhile, the benchmark 10-year Treasury yield in the US is trading moderately lower at 2.367%.
Rate hike expectations, reduced Grexit concerns weigh over treasuries
St. Louis Fed President James Bullard told Fox Business Network on Monday that there was a better than 50% chance that the US central bank will raise interest rates in September. Consequently, the two-year yield jumped to 2.71%.
Meanwhile, falling Greek uncertainty has pushed the Fed one step closer to the much awaited interest rate hike and has reduced the safe haven demand for the treasuries.
The 2-year yield currently trades 0.698; down almost one basis point on the day. Meanwhile, the benchmark 10-year Treasury yield in the US is trading moderately lower at 2.367%.