US government bond yields tick up for third-straight day
Government bonds came under modest selling pressure as investors continued to focus on expectations for a strong economic recovery in the US and eventual policy tightening by the Federal Reserve. The yield on the benchmark 10-year US Treasury note rose by 0.02 percentage points to 1.62 per cent, the third-straight daily increase. This yield, which has climbed from around 0.9 per cent since the start of the year, influences borrowing costs worldwide and is highly sensitive to expectations about central bank’s future interest rate decisions.