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4/13/2017, 2:02 PM (Source: TeleTrader)
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Treasuries trade mixed after Trump's dollar remark

Yields on United States government bonds were mixed on Thursday, having hit their lowest levels since the November election after President Donald Trump said the US dollar was getting "too strong." The remark pushed the buck to its lowest level of the month and sent jitters through the already nervous market.

The yield on 10-year Treasuries eased 0.18 basis points to 2.2374% at 1:41 pm CET, while the yield on two-year debt rose 0.38 basis points to 1.2053%. The yield on 30-year bonds edged down 0.16 basis points to 2.8845% at the same time.

In Europe, the yield on 10-year German Bunds decreased 1.8 basis points to 0.18%, while the yield on British gilts of the same maturity fell 1.4 basis points to 1.036%. Bond yields move in the opposite direction relative to prices.

Meanwhile, the US dollar declined 0.37% against the euro to trade at $1.06259 at 1:56 pm CET and shed 0.1% compared to the British pound, changing hands at 1.2528 for one unit of sterling. The currency added 0.31% versus the Swiss franc and 0.09% against the Japanese yen.

Breaking the News / IB