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10/4/2017, 6:18 PM (Source: TeleTrader)
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Treasuries decline ahead of Fed's Yellen speech

United States government bonds traded in the red on Wednesday as investors gear up for a speech by the Federal Reserve Chairwoman Janet Yellen due at 9:15 pm CET.

The yield on 10-year Treasuries climbed 1.97 basis points to 2.3426% at 6:09 pm CET, while the yield on two-year notes increased 0.41 basis points to 1.4751%. The yield on 30-year debt jumped 2.47 basis points to 2.8888% at the same time.

Across the Atlantic, the yield on 10-year German Bunds, a benchmark for the euro area, dropped 1 basis point to 0.453%, whereas the yield on British gilts of the same maturity rose 2.5 basis points to 1.378%. Bond yields and prices are inversely related.

Baha Breaking News (BBN) / IB