Ten-year futures' implied yield was 3.84%. Treasuries were untraded in Asia on Monday, owing to the Memorial Day holiday in the United States, while futures were broadly steady. Treasuries jumped on the back of the data, with the two-year yield, which typically reflects near-term interest rate expectations, rising to an over two-month high of 4.639% on Friday.Ĭash U.S. consumer spending increased more than expected in April and inflation picked up, adding to signs of a still-resilient economy. Treasury yields, as bets grow that interest rates in the United States would stay higher for longer.ĭata released on Friday showed that U.S. The yen's renewed decline has come on the back of rising U.S. It was on course for a monthly gain of about 3% against the Japanese currency, Reuters reported. dollar notched a fresh six-month high of 140.91 yen in early Asia trade before reversing some of those gains to last trade at 140.39 yen. Federal Reserve, though news that a debt ceiling deal had been finalised drew some of the safe haven bids away from the greenback. Singapore, May 29 (BNA): The dollar held firm on Monday supported by growing expectations of further rate hikes by the U.S.
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