Treasury yields attempt gains, Dec Fed rate hike odds remain below 50%

Omkar Godbole FXStreet Contributor

Treasury yields are enjoying moderate gains following the mixed batch of the US data release, although the spread between the 10-yr yield and the 2-yr yield remains unchanged around 95 basis points.

The yield on the 10-yr Treasury note advanced 1 basis point to 2.326%. The 5-year yield rose by 1.2 basis points. The 30-year yield remains flat lined around 2.923%, while the 2-yr yield gained 1 basis point to 1.369%.

The odds of a 25 basis point rate hike in December rose to 46.6% from 42.8% seen yesterday.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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