TELETRADER News
4/6/2017, 12:54 PM (Source: TeleTrader)
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Treasuries continue decline on Fed minutes

United States government bonds continued trading lower on Thursday after minutes from the Federal Reserve's meeting in March revealed policymakers are considering an earlier-than-expected tapering of the bank's $4.5 trillion balance sheet. Investors are also awaiting today's economic data releases, including jobless claims, and President Donald Trump's meeting with his Chinese counterpart Xi Jinping in Florida.

The yield on 10-year Treasuries edged up 1.98 basis points to 2.3552% at 12:40 pm CET, while the yield on two-year bonds, which are more sensitive to policy changes, increased 0.39 basis points to 1.2379%. The yield on 30-year debt rose 2.62 basis points to 3.0118% at the same time.

In Europe, the yield on 10-year German Bunds, a benchmark for the euro area, was flat at 0.258%, while the yield on British gilts of the same maturity advanced 0.1 basis points to 1.093%. Bond prices and yields move in opposite directions.

Baha Breaking News (BBN) / IB