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20 May 2015
Treasury yields dip in anticipation of dovish fed minutes
FXStreet (Mumbai) - Treasuries rose for the first time in three days, thereby pushing the yields lower on speculation that the Fed minutes would put more emphasis on the economic slowdown and may show policy makers are willing to delay the rate hike.
The benchmark 10-year yield fell to 2.26% from the previous session’s close at 2.281%. Meanwhile, the 30-year yield is relatively resilient, trading moderately higher at 3.05%. At the short-end of the curve, the 2-year yield trades at 0.605%.
Moreover, reports over this month on retail sales, industrial production, producer prices and gross domestic product have all fallen short of economists’ expectations. Consequently, the investors are expecting the Fed minutes would show increased concern regarding the slowdown and a potential delay in the rate hike.
The benchmark 10-year yield fell to 2.26% from the previous session’s close at 2.281%. Meanwhile, the 30-year yield is relatively resilient, trading moderately higher at 3.05%. At the short-end of the curve, the 2-year yield trades at 0.605%.
Moreover, reports over this month on retail sales, industrial production, producer prices and gross domestic product have all fallen short of economists’ expectations. Consequently, the investors are expecting the Fed minutes would show increased concern regarding the slowdown and a potential delay in the rate hike.