26 Mar 2015
US Treasury yields rise as weekly jobless claims fall
FXStreet (Mumbai) - The Treasury prices fell, pushing the yields to session highs after the data in the US showed the initial jobless claims in the last week fell to a six-week low.
The 10-year yield now trades 2.9 basis points (bps) higher at 1.949%, while the 30-year yield trades 2.5 bps higher at 2.526%. Meanwhile, 2-year yield, which mimics the short-term interest rate expectations, rose to a high 0.618%.
The yields rose after the official data in the US showed the initial jobless claims in the week ended March 20 fell to a five-week low of 282K, against the expectation of 290K. The 4-week moving average of the initial jobless claims fell to 297K from the previous week’s figure of 304.75K.
Meanwhile, the major US equity index futures continue to trade in losses, which could push the Treasury yields lower. The Treasuries could also be influenced by the US services PMI figure due for release later today.
The 10-year yield now trades 2.9 basis points (bps) higher at 1.949%, while the 30-year yield trades 2.5 bps higher at 2.526%. Meanwhile, 2-year yield, which mimics the short-term interest rate expectations, rose to a high 0.618%.
The yields rose after the official data in the US showed the initial jobless claims in the week ended March 20 fell to a five-week low of 282K, against the expectation of 290K. The 4-week moving average of the initial jobless claims fell to 297K from the previous week’s figure of 304.75K.
Meanwhile, the major US equity index futures continue to trade in losses, which could push the Treasury yields lower. The Treasuries could also be influenced by the US services PMI figure due for release later today.