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27 Jan 2016
Treasury yields inch higher ahead of Fed
FXStreet (Mumbai) - The treasury prices in the US slipped, pushing the yields higher ahead of the conclusion of the two-day Federal Reserve Open Market Committee meeting.
The yield on the 10-yr Treasury note currently trades 2.6 basis points higher at 2.02%. The 2-yr Treasury yield, which mimics the short-term rate hike expectations, is largely flat around 0.861%.
The action across the yield curve clearly indicates the markets expect a dovish message. The central bank is not expected to raise interest rates at the meeting.
Earlier today, the 10-yr yield was trading slightly below 2% on account of the moderate risk aversion in the Asian and European equities.
The yield on the 10-yr Treasury note currently trades 2.6 basis points higher at 2.02%. The 2-yr Treasury yield, which mimics the short-term rate hike expectations, is largely flat around 0.861%.
The action across the yield curve clearly indicates the markets expect a dovish message. The central bank is not expected to raise interest rates at the meeting.
Earlier today, the 10-yr yield was trading slightly below 2% on account of the moderate risk aversion in the Asian and European equities.