TREASURIES-Perceived budget talks progress weighs on U.S. debt
LONDON Nov 19 (Reuters) - U.S. bond prices fell on Monday after lawmakers appeared more willing to reach a deal to avert automatic fiscal tightening measures that would threaten an already shaky global economic recovery.
* Leading Republican and Democrat lawmakers expressed confidence on Sunday that they could avert the $600 billion "fiscal cliff" of tax hikes and spending cuts even as they stuck to their positions.
* Benchmark 10-year T-note yields rose 2.2 basis points to 1.6063 percent, off a two-month low of 1.5560 percent hit last week. T-note futures were 8/32 lower at 133-29/32 as riskier assets, such as stocks, firmed.
* "People are getting more optimistic ... that we won't be driving off the cliff," said Craig Collins, a trader at Bank of Montreal.
* Hostilities between Islamist militants and Israel continued on Monday, making investors wary of geopolitical risk and limiting losses for safe-haven assets such as German Bunds and U.S. Treasuries.
* Traders said uncertainty over the payment of aid to Greece and over how long Spain will take to request a bailout from its fellow euro zone members was also preventing a steeper rise in U.S. yields.
- Alumnus shot dead after wounding three at Florida State University |
- Naked outdoor protest over SeaWorld float in NY's Thanksgiving parade
- Pope to raffle gifts given to him to raise money for the poor
- Banking culture breeds dishonesty, scientific study finds
- Exclusive: U.S. to allow people from nations hit by Ebola to stay temporarily