Positive US Data Drove Bond Yields Higher

The surge in US Treasury yields, which also spread to the European market, was the theme of the financial market. 10-year Treasury yields soared 8 bps to 2.42% due to upbeat ISM manufacturing index. In the Eurozone, yields picked up in both the core and the periphery as investors remained suspicious about ECB’s action in Thursday’s meeting.

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Positive US Data Drove Bond Yields Higher