FXStreet (Mumbai) – The Treasuries extended gains, pushing yields lower at the long-end and short-end of the curve as bond traders remain focused on china driven risk aversion in the equity markets.
The yield on the 10-year fell to 2.217% from the pre-data level of 2.24%. The US durable goods orders report offered plenty for the investors to cheer, however, the US dollar is being offered across the board, while the yields took a dive even at the rate sensitive short-end of the curve.
Moreover, the treasuries remain focused on the risk aversion triggered by a largest single day drop in Chinese equities since 2007. The major US equity indices have opened in the red tracking losses in the overseas equity markets.
(Market News Provided by FXstreet)