9 Jul 2015
Bonds crash across the globe as Chinese stocks rise
FXStreet (Mumbai) - Bond prices across the globe fell, thereby pushing the yields higher for the first time in five trading sessions as the Chinese equity markets by most in six years, which reduced demand for the safe haven assets.
10-year Treasury yield rose from one-month low
The yields on the 10-year Treasury note rose almost six basis points to 2.262%. The demand for the treasuries spiked earlier this week after a drop in the Chinese equities and commodities triggered investor appetite for the safe haven assets – government debt.
The yield on the 10-year German Bund rose more than two basis points to 0.71%. Yields on Australia’s 10-year debt increased 6 basis points to 2.81% and those on similar-maturity Japanese bonds added 3 basis points to 0.445%.
30-year Treasury auction ahead
The US plans to sell USD 13 billion of 30-year debt on Thursday. The 30-year bonds yielded 3.04% in pre-auction trading, compared with 3.138% at a previous auction on June 11.
10-year Treasury yield rose from one-month low
The yields on the 10-year Treasury note rose almost six basis points to 2.262%. The demand for the treasuries spiked earlier this week after a drop in the Chinese equities and commodities triggered investor appetite for the safe haven assets – government debt.
The yield on the 10-year German Bund rose more than two basis points to 0.71%. Yields on Australia’s 10-year debt increased 6 basis points to 2.81% and those on similar-maturity Japanese bonds added 3 basis points to 0.445%.
30-year Treasury auction ahead
The US plans to sell USD 13 billion of 30-year debt on Thursday. The 30-year bonds yielded 3.04% in pre-auction trading, compared with 3.138% at a previous auction on June 11.