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9/5/2017, 11:00 AM (Source: TeleTrader)
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Treasuries rally on North Korea tensions

United States government bonds rallied on Tuesday as lingering geopolitical tensions on the Korean peninsula prompted investors to buy safe haven assets.

The yield on benchmark 10-year Treasuries dropped 2.27 basis points to 2.143% at 10:51 am CET, while the yield on two-year notes fell 2 basis points to 1.322%. The yield on 30-year debt eased 1.09 basis points to 2.7661% at the same time.

Across the Atlantic, the yield on 10-year German Bunds advanced 0.9 basis points to 0.375%, whereas the yield on 10-year British gitls rose 1 basis point to 1.067%. Yields move in the opposite direction relative to bond prices.

Baha Breaking News (BBN) / IB