Treasury yields slide

FXStreet (Mumbai) - The yields on the short duration and long duration treasuries fell after the data in the US showed a sharp fall in the import price index in March.

The 10-year yield fell 3 basis points to 1.923%, while the 30-year yield fell 3.8 basis points to 2.58%. At the short-end, the 2-year yield remained relatively resilient, trading moderately lower at 0.54%.

The yields came under pressure after the data in the US showed, import prices fell 0.3% month-on-month, compared to the estimate of 0.2% fall. Meanwhile, year-on-year prices dipped 10.5%, compared to the 9.4% fall seen in March.