Treasuries rise as N. Korea tensions persist

United States government bonds traded mostly higher on Friday as geopolitical tensions over North Korea resurfaced, prompting investors to turn to safe-haven assets.

The yield on 10-year Treasuries dropped 1.42 basis points to 2.2623% at 7:01 pm CET, while the yield on two-year notes edged up 0.07 basis points to 1.4392%. The yield on 30-year declined 0.47 basis points to 2.8003% at the same time.

Across the Atlantic, the yield on 10-year German Bunds, a benchmark for the Eurozone, eased 0.8 basis points to 0.447%, whereas the yield on 10-year British gilts fell 1.2 basis points to 1.355%. Bond yields move in the opposite direction relative to prices.

Baha Breaking News (BBN) / IB