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9 Sep 2015
Two-year treasury yield nears 2015 high, 30-yr yield at 3%
FXStreet (Mumbai) - The yield on the two-year treasury note, which mimics short-term interest rate expectations, is trading near the 2015 high with FOMC September rate decision just one week away.
The 2-yr yield currently trades around 0.75%; up one basis point on the day. The 2015 high stands at 0.766%. Meanwhile, the 30-yr yield rose to 3.014%; its highest since July 30th. The yield on the benchmark 10-yr treasury note is trading three basis points higher at 2.222%.
The long-end of the treasury curve, which is more sensitive to the risk aversion, has been rising this week due to the risk-on rally in the financial markets across the globe. The upbeat Q2 Eurozone GDP also added to the upside in the long duration treasury yields.
Meanwhile, the short duration yields ticked up, but under perform the long duration yields as the market stands divided on the possibility of a rate hike next week.
The 2-yr yield currently trades around 0.75%; up one basis point on the day. The 2015 high stands at 0.766%. Meanwhile, the 30-yr yield rose to 3.014%; its highest since July 30th. The yield on the benchmark 10-yr treasury note is trading three basis points higher at 2.222%.
The long-end of the treasury curve, which is more sensitive to the risk aversion, has been rising this week due to the risk-on rally in the financial markets across the globe. The upbeat Q2 Eurozone GDP also added to the upside in the long duration treasury yields.
Meanwhile, the short duration yields ticked up, but under perform the long duration yields as the market stands divided on the possibility of a rate hike next week.