Treasury yields attempt gains, Dec Fed rate hike odds remain below 50%

Treasury yields are enjoying moderate gains following the mixed batch of the US data release, although the spread between the 10-yr yield and the 2-yr yield remains unchanged around 95 basis points. 

The yield on the 10-yr Treasury note advanced 1 basis point to 2.326%. The 5-year yield rose by 1.2 basis points. The 30-year yield remains flat lined around 2.923%, while the 2-yr yield gained 1 basis point to 1.369%. 

The odds of a 25 basis point rate hike in December rose to 46.6% from 42.8% seen yesterday.