Treasuries rise on Trump's threat to close border

Tuesday, 02. April 2019 21:54

While markets were looking for direction on Tuesday amid the Brexit crisis and the lack of clarity about the bilateral talks between the United States and China, prices of debt securities issued by the Department of the Treasury in Washington rose toward the end of the session. Yields decline when bonds advance and vice versa. Risk appetite waned as President Donald Trump seemingly countered the White House and set an ultimatum about the border with Mexico. "If we don’t make a deal with Congress, the border's going to be closed," the president claimed and added he is "100%" determined.

The two-year sovereign US note yield dropped 2.8 basis points to 2.311% at 3:52 pm ET. The benchmark ten-year rate lost 2.5 points to 2.476%. The yield on the thirty-year bonds swung slightly to negative territory and reached 2.885%. Corresponding futures gained 0.05%, 0.16% and 0.13%, respectively.

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