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5/5/2017, 8:37 PM (Source: TeleTrader)
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US government bonds trade mostly higher

Prices of United States government bonds were mostly higher on Friday after US President Donald Trump signed a $1 trillion spending bill, averting government shutdown and keeping it funded through the end of September.

Investors also digested today's employment figures and started pricing in an increase in interest rates by the Federal Reserve in June more aggressively. Meanwhile, a number of regional presidents from the US central bank gave speeches during the session, most of them arguing for a reduction in the Fed's balance sheet.

The yield on 10-year Treasuries declined 0.36 basis points to 2.3505% at 8:25 pm CET, while the yield on two-year bonds increased 0.83 basis points to 1.3142%. The yield on 30-year debt fell 1.2 basis points to 2.9863% at the same time. Bond yields move in the opposite direction relative to prices.

Breaking the News / IB