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US 10’s Trade Near 2% Ahead of Fed Minutes

Treasury 10-year yields traded close to 2 percent amid speculation minutes of the Federal Reserve’s latest policy meeting will provide more detail on the timing of a withdrawal of stimulus.

U.S. government securities extended last week the worst start of a year for benchmark 10-year notes since 2011 amid signs America’s economic recovery is gaining momentum. The Fed will buy as much as $1.75 billion in bonds today including 30- year securities sold last week as part of its program to spur the economy. The Treasury will auction $9 billion of 30-year inflation-index debt on Feb. 21.

Treasury 10-year yields traded close to 2 percent amid speculation minutes of the Federal Reserve’s latest policy meeting will provide more detail on the timing of a withdrawal of stimulus.

U.S. government securities extended last week the worst start of a year for benchmark 10-year notes since 2011 amid signs America’s economic recovery is gaining momentum. The Fed will buy as much as $1.75 billion in bonds today including 30- year securities sold last week as part of its program to spur the economy. The Treasury will auction $9 billion of 30-year inflation-index debt on Feb. 21.

Bloomberg [1]

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Dean Popplewell

Dean Popplewell [6]

Vice-President of Market Analysis at MarketPulse [7]
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell
Dean Popplewell

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