3/22/2017, 2:54 PM (Source: TeleTrader)
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Treasuries rise on worries about Trump's policies

United States government bonds were higher on Wednesday as investors grow increasingly worried about President Donald Trump's ability to deliver his proposed business-friendly policies. Market participants are also keeping an eye on developments regarding the Republican healthcare bill, as well as falling oil prices.

The yield on benchmark 10-year Treasuries eased 2.15 basis points to 2.396% at 2:48 pm CET, while the yield on two-year debt skidded 1.21 basis points to 1.2477%. The yield on 30-year bonds was also lower by 2.8 basis points at 3.0063% at the same time.

Across the Atlantic, the yield on 10-year German Bunds, a benchmark for the Eurozone, dropped 4.4 basis points to 0.415%, while the yield on British gilts of the same maturity plunged 5.2 basis points to 1.201%.

Baha Breaking News (BBN) / IB