US : 10-Year Treasury note futures up after Italian referendum
Sun Dec 04 2016
Rachel Long (499 articles)

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.

Rachel Long

Rachel Long

Rachel Long is our Desk Correspondent covering Stock Markets across the globe. She is based in New York

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