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Treasury yields rise along with stocks

FXStreet (Mumbai) - The treasury prices fell for the first time this week, pushing the yields higher as the rally in the stock markets reduced the demand for the traditional safe haven assets.

The yield on the benchmark 10-year treasury note in the US advanced four basis points to 2.093%. The 30-yr yield also advanced 4 basis points to 2.892%. The long end of the treasury yield curve is usually more sensitive to the risk aversion.global economic slowdown.

Meanwhile, the more policy sensitive 2-year yield advanced almost 3 basis points to 0.672%. The European stock markets advanced on Tuesday, with the pan-European Euro Stoxx 600 rising more than 2%. The risk-on sentiment has also hit the US shores, pushing the major index futures higher by more than 1%.

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