US bond yields decline

With heightened demand from investors from Europe and Japan who were looking for bargain buys, US Treasury bonds saw prices rise and yields fall on Tuesday. At late morning in New York, the two-year Treasury bond had dropped 4 basis points to a yield of 4.692 percent. The ten-year issues, meanwhile, were down 3 basis points to 4.716 percent.

Yields were slightly lower in Japan as well, as the ten-year Japanese government bond declined by 0.5 basis point to 1.68 percent.

In Europe, however, yields were higher as investors returned after the extended Easter holiday weekend. In the Eurozone, the two-year Schatz added 3.9 basis points to a yield of 4.068 percent, its highest in four and a half years. The ten-year Bund added 3.4 basis points to 4.128 percent.

UK gilts followed the Eurozone’s example, with two-year yields up 2.8 basis points to 5.436 percent and ten-year yields at 5.015 percent, a gain of 4.1 basis points.

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