Bonds pressured as risk aversion eases
LONDON |
LONDON (Reuters) - U.S. Treasury debt prices fell in Europe on Wednesday with the 30-year bond falling more than one point in price as demand for safe-haven assets waned in the wake of data showing a rebound in Chinese manufacturing.
The 30-year bond yield rose more than 6 basis points on the day to 3.580 percent, well off a 17-month low of 3.462 percent plumbed a week ago.
"It really seems to be a risk-on day today, there's been nothing but pain in this market," a bond trader said.
"It's just a bit of a pullback. Equities seem to be doing a bit better today."
(Reporting by Ian Chua)
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