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27 May 2015
Short dated Treasury yields up on rate hike bets
FXStreet (Mumbai) - The yields on the short dated Treasury yields have remained resilient since Friday on increased expectations that the Federal Reserve would hike rates this year.
U.S. two- and three-year yields, which mimic short-term interest rate expectations, hit two-week highs of 0.65% and 1.03% in the previous session after the upbeat core durable goods orders hit the wires.
The two-year yield currently trades 3.5 basis points higher at 0.652%, while the three-year yield rose almost 1 basis points to 0.989%.
Meanwhile, the yields on the long duration treasuries slid on concerns over Greece and global economic growth.
U.S. two- and three-year yields, which mimic short-term interest rate expectations, hit two-week highs of 0.65% and 1.03% in the previous session after the upbeat core durable goods orders hit the wires.
The two-year yield currently trades 3.5 basis points higher at 0.652%, while the three-year yield rose almost 1 basis points to 0.989%.
Meanwhile, the yields on the long duration treasuries slid on concerns over Greece and global economic growth.