FXStreet (Mumbai) – The yields on the US Treasuries rose on Friday as the Shanghai Composite strengthened for the second day, which pushed safe haven assets – Treasuries lower.
The yield on the benchmark 10-year Treasury note currently trades 3.8 basis points higher at 2.339%. The safe haven treasuries are down for the second day as the gains in the Shanghai Composite stabilized the risk sentiment across the globe. The spike in the weekly initial jobless claims (297K) reported on Thursday in the US failed to support Treasury prices.
Meanwhile, there is also hope that a Greek deal would be reached at EU meeting on Sunday. Consequently, the German 10-year yield is up almost 8 basis points at 0.808%.
(Market News Provided by FXstreet)