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14 Apr 2015
Long duration Treasury yields fall
FXStreet (Mumbai) - The long duration treasury prices in the US advanced, thereby pushing the yields lower ahead of the data in the US, which could show retail sales ticked higher in March.
The 10-year yield fell 1.4 basis points (bps) to 1.925%, while the 30-year yield fell 1.3 bps to 2.568%. Meanwhile, the 7-year yield declined 1.2 bps to 1.702%. Yields at the short-end are more or less flat.
Bond markets await the official data which is expected to show retail sales in March ticked higher by 1.1%, compared to a 0.6% decline seen in February. Retail sales have declined for three consecutive months (Dec to Feb), despite lower energy prices and solid job gains.
The 10-year yield fell 1.4 basis points (bps) to 1.925%, while the 30-year yield fell 1.3 bps to 2.568%. Meanwhile, the 7-year yield declined 1.2 bps to 1.702%. Yields at the short-end are more or less flat.
Bond markets await the official data which is expected to show retail sales in March ticked higher by 1.1%, compared to a 0.6% decline seen in February. Retail sales have declined for three consecutive months (Dec to Feb), despite lower energy prices and solid job gains.