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Jul 25, 2018

Bonds Report I CNBC

cnbc.com

fresh economic data in focus

Alexandra Gibbs, Thomas Franck


U.S. government debt yields rose on Wednesday after President Donald Trump reportedly secured concessions from Europe, averting a trade war.
Dow Jones reported on the concessions shortly before Trump and European Commission President Jean-Claude Juncker were scheduled to brief the press at a joint conference at the White House.
The yield on the benchmark 10-year Treasury note was lower at around 2.963 percent at 4:00 p.m. ET, while the yield on the 30-year Treasury bond was in the red at 3.09 percent. Bond yields move inversely to prices.
The Treasury Department auctioned $36 billion in five-year notes at a high yield of 2.815 percent. The bid-to-cover ratio, an indicator of demand, was 2.61. Indirect bidders, which include major central banks, were awarded 67.2 percent. Direct bidders, which includes domestic money managers, bought 8.7 percent.