Treasury yields drop as Trump trade unwinds

Omkar Godbole FXStreet Contributor

Treasury yields dropped on Tuesday after President-elect Donald Trump expressed concerns regarding strong dollar and criticized Republican border-tax plan.

The yield on the 10-year Treasury note dropped 5.2 basis points (bps) to 2.327%. The 2-year Treasury note declined 3.7 bps to 1.135%.

Treasury yields have been steadily losing height since December Fed rate hike. Moreover, markets had run ahead of themselves while anticipating higher growth/inflation under Trump Presidency.

Investors now turn their attention to the US consumer price index release and Yellen speech.

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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