TELETRADER News
7/17, 1:15 PM (Source: TeleTrader.com)
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Treasuries edge up ahead of auctions

United States government bonds rose slightly on Monday as investors eyed the upcoming auctions set for later in the day. Market watchers are anticipating the sell-off of 13-week and 26-week bonds worth $39 billion and $33 billion respectively. In the meantime, traders are also eyeing a survey for the Empire State Manufacturing also set for release later today. Lowered expectations of a strong economic expansion created greater demand for US treasuries as many investors began to wonder on the future US Federal Reserve interest rate hike policy. 

The yield on 10-year Treasuries declined to 2.316% at 1:08 pm CET, pushing the bond price upwards since bonds and its yields are negatively correlated. Meanwhile, the yield on two-year debt was slightly lower at 1.352% at 12:57 pm CET while the yield on 30-ydear bond edged down to 2.904% at 1:11 pm CET.

In Europe, the yield on 10-year British gilts decreased to 1.277% at 1:12 pm CET whereas the yield of the benchmark bond for the Eurozone, German Bunds of the same maturity, was also in the red at 0.578% at the same time. 

TeleTrader Newsroom / VK