US Treasury yields ticked up on Wednesday, as improved risk appetite overshadowed subdued producer price inflation.
The 10-year treasury yield jumped three basis points to 2.62 percent and rose further to 2.63 percent in the Asian session today.
US producer prices rose just 1.9 percent in the 12 months through February, the smallest increase since June 2017, official data showed yesterday. Meanwhile, the Commerce Department said the US durable goods orders posted their largest increase in six months in January.
Further, risk sentiment improved with Dow Jones Industrial Average (DJIA) gaining 0.58 percent. That likely reduced the haven demand for treasuries, allowing the benchmark yield to recover from three-months low below 2.6 percent hit on Tuesday.
Looking forward, the yields may continue to rise if the equities remain better bid and the US export and import price indices, scheduled for