Bonds pressured as risk aversion eases

LONDON (BestGrowthStock) – 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)

Bonds pressured as risk aversion eases