Since June 2013, Treasuries have lost its momentum as investors bolstered bets the Federal Reserve will increase interest rate this year.
US sovereign debt retreated for a sixth day following Boston Fed President Eric Rosengren said policymakers could raise rates at their December 15-16 meeting. Futures placed the odds for a rate increase by year-end at 68%, from 50% likelihood at the end of October.
The 10-year note yield, hitting its three-month peak, was unchanged at 2.34% The price of the 2% Treasury maturing in August 2025 was 97.
The material has been provided by InstaForex Company – www.instaforex.com