Thursday, 08 December 2016 01:55
NEW YORK: Prices on longer-dated US
Treasuries extended their earlier rise on Wednesday following a large block
purchase of 10-year Treasury note futures in the wake of disappointing overseas
data that pushed foreign yields lower. Benchmark 10-year Treasury notes were up
12/32 in price to yield 2.351 percent, down 4.5 basis points from late on
Tuesday. The 10-year yield retreated further from a near 1-1/2 year peak struck
on Dec. 1 at 2.492 percent, according to Reuters data.
Copyright Reuters, 2016 ...