US: 10-year yields poking above 2.95% - BBH

Sandeep Kanihama FXStreet Contributor

Ahead of the weekend, the US 10-year yield poked above 2.95%, but not to 3.00%, to record its highest yield in four-years, notes the research team at BBH.

Key Quotes

“Recall that on April 2, the yield had fallen to almost 2.70%. Part of the rise reflects an increase in inflation expectations. The 10-year breakeven has risen about 15 bp this month to 2.19%, just shy of the 2014 high (~2.20%). Also, the 2-10 year curve fell to new cyclical lows on April 17 (~43 bp) but recovered to two-week highs (~50 bp) ahead of the weekend. The June note futures tested the low from February (119-14), and the continuation contract made new seven-year lows.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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