US GDP figures fail to halt US yields rising

30 October 2015

 

The US Commerce Department released the Q3 GDP “advanced” estimates which showed an annualised growth rate of 1.5%, lower than the consensus estimate of 1.7% and lower than the Q2 figure of 3.9%. Despite the lower than expected figures, US 2 year Treasury notes reacted by moving up 2bps to 0.75% while US 10 year bonds moved 9bps higher to 2.19%. The fall in the growth rate in the third...

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