Treasuries yield rise, 10-year yield nears 2.5%

FXStreet (Mumbai) – The yields on the short duration and long duration treasury notes in the US extended the rise, taking cues from the rout in the bond markets in the Eurozone.

The yield on the benchmark 10-year yield in the US 2.493%. The yield currently trades at 2.482%; up 6.5 basis points on the day. The 2-year yield, which mimics short-term interest rate expectations, trades 2.4 basis points higher at 0.733%.

PIMCO dumps treasuries

As per Bloomberg reports, Total Return, run by Pacific Investment Management Co., reduced government and related debt to 8.5% of assets from 23.4% in April. Pimco’s Total Return Fund has returned 1.5% in the past year, beating 61% of its peers, according to data compiled by Bloomberg.

The yields on the short duration and long duration treasury notes in the US extended the rise, taking cues from the rout in the bond markets in the Eurozone.

(Market News Provided by FXstreet)