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15 May 2015
US 10-year Treasury yield poised for fourth consecutive weekly gains
FXStreet (Mumbai) - The 10-year Treasury yield in the US appears more likely to end the week higher, marking four straight week of gains as the rout in the major bond markets across the globe continued during the week.
The 10-year currently trades 2.6 basis points lower at 2.213%. However, the yield is trading considerably lower from the high of 2.366% seen earlier in this week.
Whether or not the yield end the week with gains depends in part on the US industrial production data. A big miss on the expectations could drive the yield towards its weekly opening rate of 2.142%. Another drag on the yields could also come from the drop in the German bund yields, which have largely acted as the epicenter of the recent rout in the bond markets.
The 10-year currently trades 2.6 basis points lower at 2.213%. However, the yield is trading considerably lower from the high of 2.366% seen earlier in this week.
Whether or not the yield end the week with gains depends in part on the US industrial production data. A big miss on the expectations could drive the yield towards its weekly opening rate of 2.142%. Another drag on the yields could also come from the drop in the German bund yields, which have largely acted as the epicenter of the recent rout in the bond markets.