18 Feb 2015
Treasury yield curve flattens ahead of Fed minutes
FXStreet (Mumbai) - The Treasury yield curve in the US flattened with yields at the long end falling more than the ones at the short end ahead of the Federal Reserve (Fed) minutes release.
The 30-year yield fell 2.3 basis points (bps) to 2.717%, while the 10-year yield fell 1.2 bps to 2.131%. Meanwhile, at the short-end, the 2-year and the 3-year is down less than 1 bps at 0.67% and 1.0965 respectively.
The yields on the long-end of the curve traded higher before the release of the weak housing data and industrial production data in the US. The 10-year yield had gained almost 10 bps in the previous session. Moreover, markets priced-in hawkish Fed minutes since the previous sessions. However, the weak data released today could keep the yields at the long end under pressure ahead of the Fed minutes.
The 30-year yield fell 2.3 basis points (bps) to 2.717%, while the 10-year yield fell 1.2 bps to 2.131%. Meanwhile, at the short-end, the 2-year and the 3-year is down less than 1 bps at 0.67% and 1.0965 respectively.
The yields on the long-end of the curve traded higher before the release of the weak housing data and industrial production data in the US. The 10-year yield had gained almost 10 bps in the previous session. Moreover, markets priced-in hawkish Fed minutes since the previous sessions. However, the weak data released today could keep the yields at the long end under pressure ahead of the Fed minutes.