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8/28/2017, 4:18 PM (Source: TeleTrader)
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Treasuries mixed ahead of auction news

United States government bonds traded mostly lower on Monday as investors prepared for two auctions scheduled at 7 pm CET. The US Treasury Department is expected to sell $26 billion in two-year notes and $34 billion in five-year notes.

The yield on benchmark 10-year Treasuries increased 0.17 basis points to 2.1676% at 4:11 pm CET, while the yield on two-year notes eased 0.21 basis points to 1.3284%. The yield on 30-year debt rose 1.46 basis points to 2.7615% at the same time.

Across the Atlantic, the yield on 10-year German Bunds declined 0.7 basis points to 0.373%, whereas the yield on British gilts of the same maturity remained flat at 1.053%. Bond yields move in the opposite direction relative to prices.

Baha Breaking News (BBN) / IB