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10 Feb 2015
Treasury yields may weaken on safe haven demand – FXStreet
FXStreet (Barcelona) - FXStreet Editor and Analyst, Omkar Godbole, comments that with Greece concerns looming, the safe haven demand might rise, which might weaken Treasury yields.
Key Quotes
“The 10‐year Treasury yield in the US rose from 1.8% to the high of 2.00% today as markets priced‐in an increased possibility of an interest rate hike in the US post Friday’s better–than‐expected jobs report.”
“However, the 10‐year could drop to 1.9% level as the EU continues to take a tough stance with Greece ahead of the key meetings‐ Eurogroup Finance Ministers meet tomorrow before the EU Leaders’ summit on Thursday.”
“Thus, the Treasury prices are likely to rise ahead of the key events, pushing the yield lower and the Japanese Yen higher.”
Key Quotes
“The 10‐year Treasury yield in the US rose from 1.8% to the high of 2.00% today as markets priced‐in an increased possibility of an interest rate hike in the US post Friday’s better–than‐expected jobs report.”
“However, the 10‐year could drop to 1.9% level as the EU continues to take a tough stance with Greece ahead of the key meetings‐ Eurogroup Finance Ministers meet tomorrow before the EU Leaders’ summit on Thursday.”
“Thus, the Treasury prices are likely to rise ahead of the key events, pushing the yield lower and the Japanese Yen higher.”