4 Dec 2015
Short duration Treasury yields drop from 5-1/2 year high
FXStreet (Mumbai) - The short duration treasury yields in the US fell into losses after having revisited 5-1/2 year highs following the release of the strong NFP report.
The two-year yield, which mimics rate hike bets, clocked a high of 0.991% (5-1/2 year high) before falling into losses to trade around 0.939%; down almost two basis points on the day. The benchmark 10-year yield also erased gains to trade more than two basis points lower at 2.305%.
The jobs report released an hour ago showed a robust monthly 211,000 increase in payrolls in November, with upward revisions to previous months, and an unemployment rate steady at 5%.
The two-year yield, which mimics rate hike bets, clocked a high of 0.991% (5-1/2 year high) before falling into losses to trade around 0.939%; down almost two basis points on the day. The benchmark 10-year yield also erased gains to trade more than two basis points lower at 2.305%.
The jobs report released an hour ago showed a robust monthly 211,000 increase in payrolls in November, with upward revisions to previous months, and an unemployment rate steady at 5%.