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27 Mar 2015
US Treasury yields steady ahead of GDP report
FXStreet (Mumbai) - The Treasury yields have steadies near the session lows ahead of the release of the final fourth quarter GDP figure in the US.
The 10-year yield now trades at 1.986%; down 2.5 basis points (bps) for the day, while the 30-year yield trades 2.2 bps lower at 2.578%. The 2-year yield hovers near 0.602%; down 2 bps. The yields had shot higher in the previous session on a better-than-expected US data and signs of stability in the major equity markets.
The markets now await data in the US, which is likely to show US economy expanded 2.4% in the fourth quarter, which is significantly lower than the previous quarter’s growth rate of 5.00%. Fed chairwoman Yellen’s speech could also influence the Treasuries.
The 10-year yield now trades at 1.986%; down 2.5 basis points (bps) for the day, while the 30-year yield trades 2.2 bps lower at 2.578%. The 2-year yield hovers near 0.602%; down 2 bps. The yields had shot higher in the previous session on a better-than-expected US data and signs of stability in the major equity markets.
The markets now await data in the US, which is likely to show US economy expanded 2.4% in the fourth quarter, which is significantly lower than the previous quarter’s growth rate of 5.00%. Fed chairwoman Yellen’s speech could also influence the Treasuries.