Treasuries soared as it heads for their biggest gain in 2 weeks, as a fall in Chinese shares drove demand for the relative safety of U.S. government securities.
The U.S. 10-year yield declined three basis points to 2.21% as of 7:01 a.m. in London, according to Bloomberg Bond Trader data. The benchmark 2.25% note due in November 2025 advanced 1/4, or $2.50 per $1,000 face amount, to 100 3/8.
Treasuries fell1.1% over the past month, the worst performer of 26 bond markets around the world tracked by Bloomberg and the European Federation of Financial Analysts Societies.
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