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21 Jan 2016
Treasury yields recover from 3-month lows
FXStreet (Mumbai) - Treasury prices fell in Europe, pushing yields marginally higher from the three-month lows seen in Asia.
The yield on the 10-year Treasury note now trades at 1.984% compared to three-month low of 1.972%. The more policy sensitive two-year yield now trades at 0.83%.
Yields hit three months lows in Asia as investors flocked to safe assets amid a rout in global stocks. Risk aversion also saw investors bid up prices of gold, which ended at its best level in two weeks yesterday.
However, the yields moved off three month lows today as the European stocks rallied in anticipation of dovish comments from the ECB’s Draghi later today.
The yield on the 10-year Treasury note now trades at 1.984% compared to three-month low of 1.972%. The more policy sensitive two-year yield now trades at 0.83%.
Yields hit three months lows in Asia as investors flocked to safe assets amid a rout in global stocks. Risk aversion also saw investors bid up prices of gold, which ended at its best level in two weeks yesterday.
However, the yields moved off three month lows today as the European stocks rallied in anticipation of dovish comments from the ECB’s Draghi later today.