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23 Apr 2015
US 10-year Treasury yield backs away from four-week high
FXStreet (Mumbai) - The yield on the ten-year treasury note in the US trades eased slightly from the four-week high of 1.993% seen in the previous session.
The yield currently trades at 1.965%, down almost one-basis point for the day. Prices fell, thereby pushing yields higher on Wednesday after the existing home sales beat expectations to rise at their highest since September 2013.
A contraction in the Chinese manufacturing gauge released earlier today could have pushed the benchmark yield lower. Ahead in the data, the treasuries could be influenced by the labor department data in the US, which is expected to show initial jobless claims in the last week dropped to 287K from 294K in the previous week.
Ten-year yield Technical Levels
The immediate support is seen at 1.919%, under which losses could be extended to 1.865%. On the other hand, resistance is seen at 1.993%-2.00% and 2.083%.
The yield currently trades at 1.965%, down almost one-basis point for the day. Prices fell, thereby pushing yields higher on Wednesday after the existing home sales beat expectations to rise at their highest since September 2013.
A contraction in the Chinese manufacturing gauge released earlier today could have pushed the benchmark yield lower. Ahead in the data, the treasuries could be influenced by the labor department data in the US, which is expected to show initial jobless claims in the last week dropped to 287K from 294K in the previous week.
Ten-year yield Technical Levels
The immediate support is seen at 1.919%, under which losses could be extended to 1.865%. On the other hand, resistance is seen at 1.993%-2.00% and 2.083%.