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4 May 2015
Treasury yields rise ahead of US factory orders data
FXStreet (Mumbai) - The yields on the long duration and short duration Treasuries in the US rose on Monday ahead of the data which could show factory orders rebounded in March.
The yield on the 10-year yield rose to 2.139%, before settling slightly lower at 2.124%. The 30-year yield is back to 2.826%, after having clocked a high of 2.844%. Meanwhile, the 2-year yield advanced to 0.615%.
Factory orders are expected to have increased 2% in March, compared with a 0.2% expansion in February. Meanwhile, Friday’s payrolls report is forecast to show the U.S. economy added 225K jobs last month after a smaller-than-expected 126K increase in March -- the worst result since December 2013.
The yield on the 10-year yield rose to 2.139%, before settling slightly lower at 2.124%. The 30-year yield is back to 2.826%, after having clocked a high of 2.844%. Meanwhile, the 2-year yield advanced to 0.615%.
Factory orders are expected to have increased 2% in March, compared with a 0.2% expansion in February. Meanwhile, Friday’s payrolls report is forecast to show the U.S. economy added 225K jobs last month after a smaller-than-expected 126K increase in March -- the worst result since December 2013.