US long duration Treasury yields inch higher

FXStreet (Mumbai) - The yields on the long duration Treasuries in the US recovered losses to trade higher, while the short duration yields stayed largely unchanged.

The 10-year yield in the US now trades at 1.9 basis points higher at 1.972%, while the 30-year yield advanced 3 basis points to 2.613%. Meanwhile, the 2-year yield, which is known to mimic short-term interest rate expectations in the US, trades largely unchanged for the day at 0.568%.

The yields had declined earlier today on concerns of a slowdown in China after the trade figures showed a drop in exports, along with a trade surplus. Meanwhile, news that Greece is heading towards the re-elections failed to weaken yields further, even though the EUR/USD pair slumped to fresh multi-year lows.