4/10/2017, 2:34 PM (Source: TeleTrader)
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Treasuries fall as investors turn to earnings season

United States government bonds traded lower on Monday as the effect of heightened geopolitical uncertainty due to the clash of the US and Russia over Syria starts to wither, lowering the premium on safe haven assets. Market participants have also shifted their attention towards the fast-approaching first-quarter earnings season.

The yield on 10-year Treasuries rose 0.37 basis points to 2.3859% at 2:22 pm CET, while the yield on two-year bonds increased 0.4 basis points to 1.2902%. The yield on 30-year debt was 0.16 basis points higher at 3.0094% at the same time.

Meanwhile, in Europe, the yield on 10-year German Bunds, a benchmark for the Eurozone, declined 0.2 basis points to 0.226%, while the yield on British gilts of the same maturity climbed 3.1 basis points to 1.106%. Bond prices move in the opposite direction relative to yields.

Baha Breaking News (BBN) / IB