3/16/2017, 12:11 PM (Source: TeleTrader)
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US government bonds trade lower after Fed rate hike

United States government bonds traded in the red on Thursday as investors reacted to the Federal Reserve's decision yesterday to raise interest rates by 25 basis points. The central bank also signaled two more hikes this year, in line with its projections published in December.

The yield on benchmark 10-year Treasuries climbed to 2.5293% at 12:01 pm CET, while the yield on two-year debt surged to 1.3322% at the same time. The yield on 30-year bonds rose to 3.1399%. Bond prices move in the opposite direction relative to bond yields.

Meanwhile, in Europe, the yield on 10-year German Bunds, a benchmark for the euro area, soared to 0.466%, whereas the yield on British gilts of the same maturity jumped to 1.227%. 

Baha Breaking News (BBN) / IB