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15 Oct 2014
US Treasuries await the Retail Sales report
FXStreet (Mumbai) - The US Treasury yields have recovered marginally today, although the underlying tone remains weak ahead of the monthly retail sales report in the US.
The ten-year treasury yield is trading at 2.21, while the two-year treasury yield is trading at 0.376. The ten-year yield recovered from a low of 2.176 yesterday tracking modest gains in the US Equities. However, the equities erased the entire gains to end flat yesterday, thereby capping a further rise in the treasury yields.
The Advance retail sales report due today in the US will be watched out by markets as a reassurance that the US economy in on track amid the global economic slowdown. The Treasury yields may fall below 2.176 levels today if the retail sales report paints a gloomy picture.
Ten-year Treasury yield Technical levels
The yield has an immediate resistance of 2.264, above which the yield can rise to 2.27 (Oct 9 low). On the flip side, yields can fall to 2.14 levels if the yesterday’s low of 2.176 is breached.
The ten-year treasury yield is trading at 2.21, while the two-year treasury yield is trading at 0.376. The ten-year yield recovered from a low of 2.176 yesterday tracking modest gains in the US Equities. However, the equities erased the entire gains to end flat yesterday, thereby capping a further rise in the treasury yields.
The Advance retail sales report due today in the US will be watched out by markets as a reassurance that the US economy in on track amid the global economic slowdown. The Treasury yields may fall below 2.176 levels today if the retail sales report paints a gloomy picture.
Ten-year Treasury yield Technical levels
The yield has an immediate resistance of 2.264, above which the yield can rise to 2.27 (Oct 9 low). On the flip side, yields can fall to 2.14 levels if the yesterday’s low of 2.176 is breached.