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image: Richard Drew / AP

U.S. government bond yields climb as global stocks rally

August 7, 2018

U.S. government bonds drew early selling on Tuesday, nudging yields higher, as global equity benchmarks took cues from a rally in Chinese stocks markets, underscoring waning appetite for assets perceived as havens, including bonds.

The 10-year Treasury note yield TMUBMUSD10Y, +0.54% rose 1.1 basis points to 2.947%, a day after marking its lowest yield since July 25 on Monday, according to Dow Jones Market Data, based on levels at 3 p.m. Eastern.

The 30-year bond yield TMUBMUSD30Y, +0.37% meanwhile, edged 0.9 basis point to 3.090%, also hitting its lowest rate since July 25 in the previous session. Both the 10-year and 30-year yields are looking to halt three straight sessions of declines.

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