5/4/2017, 4:33 PM (Source: TeleTrader)
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Treasuries extend losses after data releases

Prices of United States government bonds fell on Thursday following the release of upbeat economic data and as market participants price in an interest rate hike by the Federal Reserve this summer.

The yield on 10-year Treasuries jumped 4.51 basis points to 2.3631% at 4:25 pm CET, while the yield on two-year bonds rose 2.4 basis points to 1.3179%. The yield on 30-year debt climbed 4.37 basis points to 3.0118% at the same time.

In Europe, the yield on 10-year German Bunds surged 6 basis points to 0.386%, whereas the yield on British gilts of the same maturity advanced 3.1 basis points to 1.104%. Bond yields move in the opposite direction relative to prices.

Baha Breaking News (BBN) / IB