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2 Apr 2015
Treasury yields extend the drop
FXStreet (Mumbai) - The yields on the short duration and the long duration treasuries in the US extended losses on Thursday as markets fear a weak NFP report on Friday after the ADP reported a weaker-than-expected employment data in the previous session.
At the time of writing, the 10-year yield was down 1.1 basis points (bps) to 1.857%, while the 30-year yield was down 1.1 bps to 2.464%. Meanwhile, the 2-year yield, which is considered as a barometer for short-term interest rate expectations, was down almost 1 bps to 0.532%.
The 10-year yield fell below 1.9% on Thursday after the ADP reported the private sector in the US added 189K jobs, which was significantly lower than 214K jobs reported in February. The weekly jobless claims data due today is likely to show first time claims rose to 285K last week from the six-week low of 282K reported in the previous week.
At the time of writing, the 10-year yield was down 1.1 basis points (bps) to 1.857%, while the 30-year yield was down 1.1 bps to 2.464%. Meanwhile, the 2-year yield, which is considered as a barometer for short-term interest rate expectations, was down almost 1 bps to 0.532%.
The 10-year yield fell below 1.9% on Thursday after the ADP reported the private sector in the US added 189K jobs, which was significantly lower than 214K jobs reported in February. The weekly jobless claims data due today is likely to show first time claims rose to 285K last week from the six-week low of 282K reported in the previous week.