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3/27/2017, 9:49 PM (Source: TeleTrader)
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Treasuries trade higher on Trump policy worries

United States government bonds were higher on Monday, as investors worry about President Donald Trump's ability to push forward with his proposed tax reform and infrastructure spending policies following the collapse of the Republican healthcare bill last week.

Earlier today, the US Treasury Department auctioned $26 billion in two-year notes at a high yield of 1.261%. The bid-to-cover ratio, which indicates demand for the issue, came in at 2.73.

The yield on 10-year Treasuries declined 3.77 basis points to 2.3746% at 9:42 pm CET, while the yield on two-year bonds eased 3.9 basis points to 1.2527%. The yield on 30-year debt declined 2.86 basis points to 2.9848% at the same time.

Baha Breaking News (BBN) / IB