9/29/2017, 2:10 PM (Source: TeleTrader)
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US government bonds trade slightly lower

United States government bonds showed signs of steadying on Friday as market participants continue to anticipate an increase in the cost of borrowing towards the end of the year. Investors were also concerned about the Trump administration's ability to push the tax reform through Congress given the fate of the healthcare bill.

The yield on 10-year Treasuries rose 0.19 basis points to 2.3104% at 1:59 pm CET, while the yield on two-year bonds grew 0.79 basis points to 1.4587%. The yield on 30-year debt was flat at 2.8712% at the same time.

In Europe, the yield on 10-year German Bunds dropped 2.5 basis points to 0.454%, whereas the yield on 10-year British gilts eased 0.4 basis points to 1.371%. Bond yields move in the opposite direction relative to prices.

Baha Breaking News (BBN) / IB