FXStreet (Mumbai) – The short duration and long duration treasuries in the US fell on Monday, pushing the yields higher on speculation that an emergency EU summit could result in a deal on bailout funds.
The yield on the benchmark 10-year Treasuries in the US rose six basis points to 2.327%. The yield had declined by eight basis points on Friday on concerns of Greek impasse. The 30-year yield also increased more than five basis points to 3.11%. At the short-end of the yield curve, the 2-year yield rose two basis points to 0.645%.
The safe haven demand for the treasuries fell in the Asian session on reports that fresh proposals were swapped over the weekend between Greece and its international creditors, which set a positive tone ahead of the Eurogroup meeting and EU summit scheduled later today.
(Market News Provided by FXstreet)