U.S. Treasurys rise, 10-year yield slips to 2.81%
LONDON (MarketWatch) — U.S. Treasurys rose and yields dropped on Tuesday, after government-debt yields hit highs earlier in the week on monetary-policy uncertainty. The yield on the 10-year note fell 7 basis points to 2.813% after closing at the highest level since July 2011 at 2.880% on Monday. The yield has jumped over 75% since the beginning of May, as worries that the U.S. Federal Reserve will scale back its easing program roiled the markets. On Wednesday, the minutes from the Federal Open Market Committee’s latest meeting are due for release, which could shed some more light on the central bankers’ view of the tapering process. Also in Tuesday’s trade, the yield on 30-year paper fell 5 basis points to 3.852%, while the 5-year note yield fell 7 basis points to 1.543%.
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