12 Jun 2015
Treasury yields rise after US PPI data
FXStreet (Mumbai) - The yields on the short duration and long duration treasury yields rose after the data in the US showed producer prices rose at a fastest pace since 2012.
The yields on the benchmark 10-year treasury note rose from 2.38% to 2.406%, while the one on the 30-year note rose to 3.119% from 3.094%. At the short-end, the 2-year yield rose from 0.7225 to 0.738%.
The moderate gains in the yields were mainly on account of a 0.5% rise seen in May PPI, following a 0.4% fall in April. Earlier today, the yields had dipped, with the 10-year falling to 2.359% on reports from German Bild newspaper that Germany is preparing for a Greek default, sparking demand for the safest assets.
The yields on the benchmark 10-year treasury note rose from 2.38% to 2.406%, while the one on the 30-year note rose to 3.119% from 3.094%. At the short-end, the 2-year yield rose from 0.7225 to 0.738%.
The moderate gains in the yields were mainly on account of a 0.5% rise seen in May PPI, following a 0.4% fall in April. Earlier today, the yields had dipped, with the 10-year falling to 2.359% on reports from German Bild newspaper that Germany is preparing for a Greek default, sparking demand for the safest assets.