Treasuries decline on Fedspeak

Market Reports 6/19/2017, 4:13 PM
Treasuries decline on Fedspeak

United States government bonds slipped on Monday after New York Federal Reserve chief William Dudley said the central bank should not bring its monetary tightening cycle to a halt, as that could lead to a recession.

The yield on 10-year Treasuries jumped 2.43 basis points to 2.1757% at 3:58 pm CET, while the yield on two-year debt surged 3.69 basis points to 1.352%. The yield on 30-year debt increased 0.75 basis points to 2.7827% at the same time.

Across the Atlantic, the yield on 10-year German Bunds rose 1.7 basis points to 0.293%, whereas the yield on British gilts of the same maturity climbed 2.5 basis points to 1.043%. Bond yields move in the opposite direction relative to prices.

TeleTrader Newsroom / IB