US Treasuries tick lower ahead of Beige Book

Wednesday, 27. November 2019 12:09

Treasuries traded lower and their respective yields, which move in the opposite direction, showed gains on Wednesday as investors awaited the latest Beige Book release from the United States Federal Reserve as well as data on initial jobless claims, durable goods and core personal consumption. Sentiment remained positive as stocks on Wall Street pointed to a higher open in premarket trade after China stated its latest phone call with the US showed progress on the "phase-one" trade deal.

The two-year Treasury yield was up by 0.004 basis points at 1.59% at 6:04 am ET and the 10-year bond yield rose by 0.005 basis points to 1.745% at the same time. Returns on the 30-year Treasuries increased by 0.004 basis points to 2.182% at 6:07 am ET.

Corresponding bond futures were flat at 6:08 am ET.

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Author:
Breaking the News / VP