Back
17 Apr 2015
Treasury yields rise on an uptick in core inflation
FXStreet (Mumbai) - The yields on the short duration and long duration treasury yields in the US recovered losses to trade higher after the official data in the US showed core inflation moved higher in March.
The 10-year yield in the US now trades 2 basis points higher at 1.898, while the 30-year yield trades 2.7 basis points at 2.584%. At the short end of the market curve, the 2-year yield, which mimics short-term interest rate expectations, is up 1.6 basis points at 0.500%.
The yields recovered losses after the data in the US showed Core CPI continued to rise 1.8% from last year, compared to the 1.7% consensus estimate. The markets ignored the drop in the headline figure to -0.1% from last year.
The 10-year yield in the US now trades 2 basis points higher at 1.898, while the 30-year yield trades 2.7 basis points at 2.584%. At the short end of the market curve, the 2-year yield, which mimics short-term interest rate expectations, is up 1.6 basis points at 0.500%.
The yields recovered losses after the data in the US showed Core CPI continued to rise 1.8% from last year, compared to the 1.7% consensus estimate. The markets ignored the drop in the headline figure to -0.1% from last year.