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Home » Uncategorized » Treasury yields rise after US PPI data

Treasury yields rise after US PPI data

The yields on the short duration and long duration treasury yields rose after the data in the US showed producer prices rose at a fastest pace since 2012.

The yields on the benchmark 10-year treasury note rose from 2.38% to 2.406%, while the one on the 30-year note rose to 3.119% from 3.094%. At the short-end, the 2-year yield rose from 0.7225 to 0.738%.

The moderate gains in the yields were mainly on account of a 0.5% rise seen in May PPI, following a 0.4% fall in April. Earlier today, the yields had dipped, with the 10-year falling to 2.359% on reports from German Bild newspaper that Germany is preparing for a Greek default, sparking demand for the safest assets.
For more information, read our latest forex news.

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