US Treasury futures maturing between two and ten years fell to their lowest levels of the day after a Reuters report said the United States was preparing to order the departure of some staff from its embassy in the Gulf region, with oil prices subsequently rebounding.
Short-end and belly maturities led the decline, pushing the 5s30s spread to its tightest level of the session.
Yields on short-to-intermediate US Treasuries rose 4-5 basis points, while 20-year and 30-year yields climbed about 2 basis points.
West Texas Intermediate crude futures erased their losses and turned higher, gaining roughly 0.4%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments