4/11/2017, 5:56 PM (Source: TeleTrader)
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Treasuries extend rally on geopolitical concerns

United States government bonds rose further on Tuesday as safe haven trade moved forward, placing a premium on gold, sovereign bonds and the Japanese yen, as geopolitical concerns continue to weigh on markets.

The yield on 10-year Treasuries hovered around 2.3% mid-session, ultimately dropping 5.92 basis points to 2.3069% at 5:46 pm CET. The yield on two-year debt fell 3.63 basis points to 1.2378%, while the yield on 30-year bonds plunged 5.59 basis points to 2.9344%.

Across the Atlantic, the yield on 10-year German Bunds, a benchmark for the euro area, declined 0.3 basis points to 0.204%, while the yield on British gilts of the same maturity eased 2.4 basis points to 1.053%.

Baha Breaking News (BBN) / IB