US treasuries slump on higher risk appetite

Thu, 03 Jun 2010 11:09:00 +0200

US treasuries slump on higher risk appetite

FXstreet.com (Barcelona) - US long-term treasuries continue to edge lower today after Wall Street posted solid gains a day prior on heightened risk appetite. Currently the 30-year note is down 11/32 pushing the yield up to 4.265 while the benchmark 10-year note is down 9/32 raising the yield to 3.379.

US securities are declining due less risk aversion in the marketplace and thus less safe-haven demand for long-term government debt. Investor sentiment was given a boost by a slew of positive economic data including larger-than-expected pending home sales and new vehicle sales. Today, equity markets are staged to continue the rally with focus on highly-anticipated employment data from the US.