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15 Apr 2015
Treasury yields extend the slide
FXStreet (Mumbai) - The yield on the short duration and long duration treasuries in the US fell today after a weak China economic data triggered demand for the safe haven treasuries. The yields had dropped sharply in the previous session on concerns of slowing US economy.
Currently, the 10-year yield is trading 1.3 basis points lower at 1.892%, while the 30-year yield is trading one basis points lower at 2.536%. Meanwhile, the 2-year yield, which mimics short-term interest rate expectations fell one basis points to 0.508%.
The yields came under pressure today after the official data showed Chinese Q1 GDP and Industrial Production slowed hit 6-year lows. Consequently, the safe haven Treasury prices rose, thereby pushing the yields lower.
Moreover, weak Chinese growth numbers came a day after the IMF revised its US 2015 growth forecasts lower. The IMF outlook also stated risk of slowdown in the Chinese economy.
Currently, the 10-year yield is trading 1.3 basis points lower at 1.892%, while the 30-year yield is trading one basis points lower at 2.536%. Meanwhile, the 2-year yield, which mimics short-term interest rate expectations fell one basis points to 0.508%.
The yields came under pressure today after the official data showed Chinese Q1 GDP and Industrial Production slowed hit 6-year lows. Consequently, the safe haven Treasury prices rose, thereby pushing the yields lower.
Moreover, weak Chinese growth numbers came a day after the IMF revised its US 2015 growth forecasts lower. The IMF outlook also stated risk of slowdown in the Chinese economy.