FXStreet (Mumbai) - The yield on the two-year Treasury note in the US is trading in the sideways manner around the four year high of 0.81% ahead of the FOMC rate decision due later today.
Weak CPI ignored
The yield remained largely resilient even though the data released in the US on Wednesday showed the core CPI stagnated and the headline figure fell into the negative for the first time since January. A quick drop to 0.79%, was reversed as the yield rose back to 0.81% level.
The positive action in the US equities also supported the yields. The investors now await the FOMC rate decision. Meanwhile, the yield on the benchmark 10-yr treasury yield in the US is currently trading almost one basis point lower at 0.803%.
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