FXStreet (Mumbai) - The yield on the long duration treasury yield in the US advanced after Fed’s Yellen kept the hopes for the 2015 rate hike alive.
The yield on the 10-yr treasury note currently trades 2.3 basis points higher at 2.143%. The 30-yr yield also advanced 1.5 basis points to 2.92%.
Yellen said that it was best not to delay “too long” as it may lead to overshooting of inflation targets. However, the 2-year yield, which is more sensitive to rate hike expectations, is currently trading lower by 6.7 basis points at 0613%.
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