8/23/2017, 3:37 PM (Source: TeleTrader)
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Treasuries rise on looming political uncertainty

United States government bonds traded higher on Wednesday as investors continue to fear a looming political crisis in Washington, with the upcoming debt ceiling next month likely to weigh on sentiment further. Market participants are also reacting to President Donald Trump's comments during a rally in Arizona, where he talked about border control and healthcare.

The yield on benchmark 10-year Treasuries fell 2.97 basis points to 2.1834% at 3:19 pm CET, while the yield on two-year notes eased 1.24 basis points to 1.3092%. The yield on 30-year debt dropped 2.78 basis points to 2.7569%.

In Europe, the yield on 10-year German Bunds declined 1.8 basis points to 0.382%, whereas the yield on British paper with the same maturity dipped 2.9 basis points to 1.058%. Bond yields move in the opposite direction relative to bond prices.

Baha Breaking News (BBN) / IB