26 Nov 2014
Treasury yields extend slide after the US data
FXStreet (Mumbai) - The Treasury yields in the US extended the fall after the initial jobless claims rose more than market expectation, while the Durable goods orders ex-transportation declined.
The Ten-year Treasury yield fell to 2.234%, while the two-year yield fell to 0.516%. The yields have been declining since the release of the second estimate of the US Q3 GDP yesterday. The fall was extended as the Durable goods orders ex-transportation fell by 0.9% in October after edging up by 0.2% in September. Meanwhile, initial jobless claims rose to 313,000, an increase of 21,000 from the previous week's revised level of 292,000. Personal spending rose less-than-expected, while Personal income figures came-in below forecasts.
The weak data pushed the already weakened yields to the day’s low. Moreover, the losses could be extended later if the Michigan confidence and the housing data disappoint market expectations.
Ten-year yield technical Levels
The yield breached the 2.27% support level yesterday, opening doors for 2.22% on the downside. Meanwhile, yields may rise to 2.3%, if the immediate resistance at 2.27% is taken out.
The Ten-year Treasury yield fell to 2.234%, while the two-year yield fell to 0.516%. The yields have been declining since the release of the second estimate of the US Q3 GDP yesterday. The fall was extended as the Durable goods orders ex-transportation fell by 0.9% in October after edging up by 0.2% in September. Meanwhile, initial jobless claims rose to 313,000, an increase of 21,000 from the previous week's revised level of 292,000. Personal spending rose less-than-expected, while Personal income figures came-in below forecasts.
The weak data pushed the already weakened yields to the day’s low. Moreover, the losses could be extended later if the Michigan confidence and the housing data disappoint market expectations.
Ten-year yield technical Levels
The yield breached the 2.27% support level yesterday, opening doors for 2.22% on the downside. Meanwhile, yields may rise to 2.3%, if the immediate resistance at 2.27% is taken out.