FXStreet (Mumbai) – The Treasury yield rose in the early European session on Thursday as the Shanghai Composite index stabilized the risk sentiment across the globe.
Shanghai Composite spiked almost 6% higher, which led to a correction in riskier assets across the globe. Consequently, the safe haven Treasuries dipped in value, thereby pushing the yields higher.
The yield on the 10-year Treasury note is currently up 2.5 basis points to 2.231%. The 30-year yield rose 2.1 basis points to 3.006%. The long-end of the Treasury is sensitive to the risk averse events globally. The yields dipped to near 5-week lows this week amid Greek crisis and rout in the stock markets.
The slightly dovish tone of the Fed minutes released in the North Amercian session on Wednesday failed to have a major impact on the Treasuries and markets in general.
(Market News Provided by FXstreet)