18 Jun 2015
Long-term treasury yields tick higher after jobless claims data
FXStreet (Mumbai) - The yield on the long term treasury notes in the US rose after the initial jobless claims in the US fell more than expected last week.
The 10-year yield rose from 2.3% to 2.333%, while the 30-year yield ticked higher from 3.07% to 3.132%. The long-end yields rose as the initial jobless claims remained below 300K for the 15th consecutive week.
Short-end yields fall
However, the yields on the short-term treasuries remain under pressure after the data showed core inflation slowed down in May. The 2-year yield, which mimics short-term interest rate expectations, is down 1.6 basis points to 0.645%.
Moreover, the short-end yields are under pressure after the FOMC statement released on Wednesday showed a downward revision of the median end-2016 interest rate forecast.
The 10-year yield rose from 2.3% to 2.333%, while the 30-year yield ticked higher from 3.07% to 3.132%. The long-end yields rose as the initial jobless claims remained below 300K for the 15th consecutive week.
Short-end yields fall
However, the yields on the short-term treasuries remain under pressure after the data showed core inflation slowed down in May. The 2-year yield, which mimics short-term interest rate expectations, is down 1.6 basis points to 0.645%.
Moreover, the short-end yields are under pressure after the FOMC statement released on Wednesday showed a downward revision of the median end-2016 interest rate forecast.