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9/12/2017, 6:23 PM (Source: TeleTrader)
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Treasuries fall as investors focus on data, auctions

United States government bonds traded lower on Tuesday as investors digested today's economic data releases as well as the results of the latest auctions. The US Treasury Department has already conducted sales of 52-week and four-week bills earlier in the session and is set to auction $20 billion in 10-year notes later today.

The yield on benchmark 10-year Treasuries climbed 3.84 basis points to 2.169% at 6:02 pm CET, while the yield on two-year notes rose 1.62 basis points to 1.3348%. The yield on 30-year bonds jumped 3.24 basis points to 2.7754% at the same time.

In Europe, the yield on 10-year German Bunds, a benchmark for the euro area, surged 6.5 basis points to 0.401%, whereas the yield on 10-year British gilts soared 9 basis points to 1.135%, continuing higher after United Kingdom Chancellor Philip Hammond's speech before the Economic Affairs Committee. Hammond said the country would negotiate a working customs system with the European Union straight after its departure from the bloc even if no Brexit deal is agreed. The chancellor also announced the UK's annual Autumn Budget will be revealed on November 22.

Baha Breaking News (BBN) / IB