US Treasuries Fell as China Signaled to Reduce Purchases

The US Treasury market remained under the spotlight. The Treasury sold US$20B of 10-year notes at the highest yield of 2.579% since July 2014. Yet, what directed the market movement was the news citing that Chinese officials have recommended lowering or stopping purchases of US government bonds. 10-year yields rallied to a 10-month high of 2.597% at one point before ending the day at 2.549%.

See the original post here:
US Treasuries Fell as China Signaled to Reduce Purchases