13 May 2015
Treasury yields retrace retail sales fall
FXStreet (Mumbai) - The yield on the 10-year Treasury note in the US is back at 2.22%, after having clocked a low of 2.189% on a weaker-than-expected US advance retail sales data for April.
The Treasury prices have been unable to rise despite of a weaker-than-expected US retail sales data. The inability to see yields drop further indicates the sentiment has turned bearish over bond prices.
Similar movement is witnessed in the German 10-year yield, which failed to drop despite a weaker first quarter GDP print. The 10-year Bund yield currently trades at 0.635%, down 4.6 basis points for the day.
The Treasury prices have been unable to rise despite of a weaker-than-expected US retail sales data. The inability to see yields drop further indicates the sentiment has turned bearish over bond prices.
Similar movement is witnessed in the German 10-year yield, which failed to drop despite a weaker first quarter GDP print. The 10-year Bund yield currently trades at 0.635%, down 4.6 basis points for the day.