15 Sep 2015
Treasury yields rise, US index futures trade positive
FXStreet (Mumbai) - The yield on the treasury notes in the US rose on Tuesday, with long duration yields leading the way and the major index futures strengthened after the US data highlighted resilient household spending in August.
The benchmark 10-year treasury note yield currently trades three basis points higher at 2.21%. The 30-year yield is up almost 4 basis points at 2.984%. Meanwhile, the 2-year yield, which represents short-term rate hike expectations, rose more than one basis points to 0.746%.
The advance retail sales printed at 0.2%, missing the estimated growth of 0.3%. The slow growth is being read by markets as a positive in the light of the financial market turmoil in August. Consequently, the yields edged higher.
The benchmark 10-year treasury note yield currently trades three basis points higher at 2.21%. The 30-year yield is up almost 4 basis points at 2.984%. Meanwhile, the 2-year yield, which represents short-term rate hike expectations, rose more than one basis points to 0.746%.
The advance retail sales printed at 0.2%, missing the estimated growth of 0.3%. The slow growth is being read by markets as a positive in the light of the financial market turmoil in August. Consequently, the yields edged higher.