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Jun 07, 2020 PRINT EDITION
Markets

US yields extend rise after weak 7-year auction

NEW YORK: US Treasury yields rose further on Thursday, hitting session highs as weak results at a $32 billion auction of

August 29, 2019

NEW YORK: US Treasury yields rose further on Thursday, hitting session highs as weak results at a $32 billion auction of seven-year government notes touched off a fresh wave of selling in the bond market.

At 1:30 p.m. (1730 GMT), the yields on benchmark 10-year Treasury notes were 1.533pc, up 6.5 basis points from late on Wednesday.

They fell to 1.443pc on Monday, which was their lowest level since July 2016.

Copyright Reuters, 2019