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The U.S. Treasuries jumped during Tuesday’s afternoon session amid a muted trading session that witnessed data of little economic significance ahead of the country’s 10-year TIPS auction and initial jobless claims, scheduled for rest of this week.
The yield on the benchmark 10-year Treasury yield slumped 3 basis points to 1.806 percent, the super-long 30-year bond yield plunged 3 basis points to 2.265 percent and the yield on the short-term 2-year suffered nearly 2-1/2 basis points to 1.547 percent by 13:45GMT.
US and European stock futures inevitably also fell in Asian time. And the week’s trading in USTs got underway with yields moving lower across the curve, with 10-year yields down about 3bps back to 1.79 percent, Daiwa Capital Markets reported.
There are no top-tier US economic releases due today to distract from the start of President Trump’s impeachment trial, the report added.
Meanwhile, the S&P 500 Futures remained tad -0.31 percent lower at 3,314.62 by 13:50GMT.
