U.S. Treasurys Tick Lower
U.S. Treasury yields are flat to a shade lower in London following a successful $42 billion five-year tap in Tuesday’s U.S. session.
At 0930 GMT, the two-year note was yielding 1.092%, below 1.095% late Tuesday. The five-year was flat at 2.620% and the 10-year yield was 3.789%, below 3.795%.
The market is now looking ahead to today’s seven-year note sale with a little more confidence, although European government bonds have fallen back a few ticks through the morning; March bund futures were down 12 at 212.41 at 930 GMT.
On the U.S data schedule there is December Chicago PMI at 1445 GMT, although stock market direction and the wait for the week’s last auction are likely to be the main drivers.
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U.S. Treasurys Tick Lower
