US : 10-Year Treasury note futures up after Italian referendum
NEW YORK : U.S. Treasury futures prices rose on Sunday after Italian voters were seen rejecting a change to the country’s constitution, which was designed to hasten the legislative process.
Ten-year Treasury note futures prices were up 0.35 percent shortly after electronic trading resumed on Sunday evening, signaling that nominal Treasury yields might pull back from 18-month highs reached late last week.
Treasuries fell hard in November on bets that U.S. President-elect Donald Trump’s policies and higher oil prices would stoke inflation, which erodes bond prices. Last week 10-year yields rose for a fourth straight week, finishing at around 2.39 percent on Friday.
Rules of Discussion on Live Index
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.