US yields add rise as US trade unexpectedly shrinks

NEW YORK: US Treasury yields extended their earlier rise on Wednesday as the US trade deficit unexpectedly declined to a seven-month low in April, supporting the view of an acceleration of domestic economic growth in the second quarter.

At 8:48 a.m. (1248 GMT), the yield on benchmark 10-year Treasury notes was 2.953 percent, up over 3 basis points from late on Tuesday. It hit a 1-1/2 week peak at 2.964 percent shortly after the release of the April US trade data.