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4/4/2017, 5:50 PM (Source: TeleTrader)
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Treasuries trade lower after Trump comments

United States government bonds were lower on Tuesday after President Donald Trump vowed to make it easier for American banks to lend money to "people who need it." 

Trump revealed his administration is working on changes to the Dodd-Frank banking regulations during his meeting with business leaders at the White House. He said that although strong restrictions and regulations are necessary, they should not make it impossible for banks to provide funds to people who are going to create jobs.

The yield on 10-year Treasuries climbed 3.04 basis points to 2.3497% at 5:41 pm CET, while the yield on two-year debt rose 2.39 basis points to 1.25%. The yield on 30-year bonds jumped 3.95 basis points to 2.9927% at the same time. Meanwhile, in Europe, the yield on 10-year German Bunds dropped 2.1 basis points to 0.256% and the yield on British gilts of the same maturity edged up 0.2 basis points to 1.066%. Bond yields move in the opposite direction relative to prices.

Baha Breaking News (BBN) / IB