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13 Apr 2015
US Treasury yields decline in the early European session
FXStreet (Mumbai) - The yields on the short duration and long duration treasuries in the US fell in the early European session after the disappointing Chinese trade figures increased safe haven demand for Treasuries.
The 10-year yield in the US dipped 1.6 basis points to 1.937%, while the 30-year yield fell 1.2 basis points to 2.571%. Meanwhile, the 2-year yield, which mimics the short-term interest rate expectations, fell 1.2 basis points to 0.552%.
The Treasury prices advanced, pushing yields lower, after the falling Chinese exports and trade surplus in China raise concerns regarding slowdown in the first quarter economic growth. Economists believe growth in the world’s second-largest economy fell below the government’s 2015 target of about 7% during the first three months of the year. China is scheduled to release the results on Wednesday.
The 10-year yield in the US dipped 1.6 basis points to 1.937%, while the 30-year yield fell 1.2 basis points to 2.571%. Meanwhile, the 2-year yield, which mimics the short-term interest rate expectations, fell 1.2 basis points to 0.552%.
The Treasury prices advanced, pushing yields lower, after the falling Chinese exports and trade surplus in China raise concerns regarding slowdown in the first quarter economic growth. Economists believe growth in the world’s second-largest economy fell below the government’s 2015 target of about 7% during the first three months of the year. China is scheduled to release the results on Wednesday.