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4/11/2017, 2:59 PM (Source: TeleTrader)
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Treasuries rise ahead of US-Russia talks over Syria

United States government debt prices rose on Tuesday as market participants looked ahead to US Secretary of State Rex Tillerson's meeting with Russian officials scheduled for tomorrow. Tillerson spoke earlier today on the sidelines of the G7 summit, calling on Moscow to break ties with Syrian President Bashar al-Assad, whose reign, he said, is "coming to an end."

The yield on 10-year Treasuries dropped 2.88 basis points to 2.3373% at 2:47 pm CET, while the yield on two-year debt fell 2.42 basis points to 1.2499%. The yield on 30-year bonds was 1.82 basis points lower at 2.9721% at the same time.

Meanwhile, in Europe, the yield on 10-year German Bunds, a benchmark for the Eurozone, jumped 1.2 basis points to 0.219%, while the yield on British gilts of the same maturity increased 0.4 basis points to 1.081%. Bond yields move in the opposite direction relative to prices.

Baha Breaking News (BBN) / IB