US Treasury rates rise on encouraging retail sales data

US Treasury rates rise on encouraging retail sales data

The operators considered the data as a influential factor in Fed monetary policysince they indicate the economic strength despite higher borrowing costs. “The Federal Reserve has been very clear in stating that she believes that you have a ways to go with the ratesand that will depend on the data,” said michael lorizio, senior operator fixed income Manulife Investment Management.

The increase in bonuses

The performance of the 10-year bonds rise 3.791%reaching his highest level since January 3reflecting market expectations that the Fed will keep interest rates high for longer.

As for what they are two yearshe increase was from 4,703%his highest level since early November. These papers are especially sensitive to movements in rate expectations.

In this framework, it can be concluded that the yield curve between the 2 and 10 year bonds traded in -85.1 basis pointsafter increasing to -91.3 basis points last Tuesday.

He Treasury Department has planned sell $15 billion in bonds to 20 years this Wednesday, and u$s9,000 million to 30 years inflation-protected on Thursday.

Source: Ambito

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