US 10-yr treasury yield hit 4-month low

FXStreet (Mumbai) - The yield on the benchmark 10-yr Treasury note in the US fell to 4-month low of 1.912% after the data in the US showed the economy slowed down in the fourth quarter.

The last time yield stood at this level was in late September 2015. The yield currently trades around 1.94%; down five basis points on the day.

Meanwhile, the 2-yr yield, which mimics rate hike bets, fell to lowest since early November. The yield currently stands at 0.778; down more than four basis points on the day.

The data released in the US an hour ago showed the economy increased at a 0.7% annual rate as expected.

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