12 Feb 2015
US 10-year Treasury yield drop below 2.00%
FXStreet (Mumbai) - The US 10-year Treasury yield dropped below 2.00% on disappointing US retail sales and weekly jobs data.
Drops below 5-DMA
The 10-year Treasury yield is back below the 5-DMA and the 10-DMA located at 2.025 and 2.007 respectively. The drop came after the official data in the US showed initial jobless claims rose by 304K in the previous week, beating the expected rise of 287K. Meanwhile, the advance retail sales fell 0.8%, missing the expected fall of 0.4%.
The yields slipped from a high of 2.049% to trade at the current level of 1.99%. The yields may extend the drop if the US equity markets weaken in repose to a weak economic data released today.
10-year Treasury yield Technical Levels
The immediate resistance is seen at 5-DMA located at 2.025%, above which gains could be extended to 2.049%. Meanwhile, support is seen at 1.952% (100-DMA) and 1.938%.
Drops below 5-DMA
The 10-year Treasury yield is back below the 5-DMA and the 10-DMA located at 2.025 and 2.007 respectively. The drop came after the official data in the US showed initial jobless claims rose by 304K in the previous week, beating the expected rise of 287K. Meanwhile, the advance retail sales fell 0.8%, missing the expected fall of 0.4%.
The yields slipped from a high of 2.049% to trade at the current level of 1.99%. The yields may extend the drop if the US equity markets weaken in repose to a weak economic data released today.
10-year Treasury yield Technical Levels
The immediate resistance is seen at 5-DMA located at 2.025%, above which gains could be extended to 2.049%. Meanwhile, support is seen at 1.952% (100-DMA) and 1.938%.