Treasuries recover after falling on GDP data

11/29, 6:50 PM (Source: TeleTrader.com)

United States government bonds switched to gains on Tuesday after recording losses following the release of better-than-expected gross domestic product estimates, which showed the economy grew at an annualized rate of 3.2% in the last three months. Meanwhile, the market-assigned probability of the Federal Reserve raising interest rates in December climbed to 96.3% from 93.5% seen yesterday.

The yield on 10-year Treasuries slid to 2.3107% at 6:44 p.m. CET after rising to 2.3484% earlier today. The yield on two-year debt, more sensitive to expected changes in monetary policy, was flat at 1.099%, while the equivalent on 30-year bonds declined to 2.9651% at the same time. Bond yields move inversely to the security's price.

In London, the yield on benchmark 10-year gilts fell to 1.37%, while German Bunds of the same maturity jumped to 0.221%.

Teletrader Newsroom / IB