18 Dec 2014
US 10-yr yield edges lower
FXStreet (Mumbai) - The 10-yr treasury yield in the Us has weakened slightly after rising sharply on Wednesday on a slightly hawkish tone adopted by the Federal Reserve policy statement.
The 10-yr yield currently trades 2.7 basis points lower at 2.123%, compared to the previous session’s close of 2.147%. The yield shot up almost 10 basis points to 2.146% after the Fed chair. Yellen indicated a possibility of policy normalization if the economy continues to recover rapidly. Moreover, the long end yields recovered owing to a sharp rise in the equity markets in the US, since the Fed revised the 2015-end median interest rate forecast lower.
Moreover, the yields might have edged lower today as uncertainty in Russia continues to underpin the demand for safe haven treasuries.
10-yr yield Technical Levels
The yield has an immediate resistance at 2.15%, above which gains could be extended to 2.20%. Meanwhile, support is seen at 2.10% and 2.046% respectively.
The 10-yr yield currently trades 2.7 basis points lower at 2.123%, compared to the previous session’s close of 2.147%. The yield shot up almost 10 basis points to 2.146% after the Fed chair. Yellen indicated a possibility of policy normalization if the economy continues to recover rapidly. Moreover, the long end yields recovered owing to a sharp rise in the equity markets in the US, since the Fed revised the 2015-end median interest rate forecast lower.
Moreover, the yields might have edged lower today as uncertainty in Russia continues to underpin the demand for safe haven treasuries.
10-yr yield Technical Levels
The yield has an immediate resistance at 2.15%, above which gains could be extended to 2.20%. Meanwhile, support is seen at 2.10% and 2.046% respectively.