Treasuries Fall as Haven Appeal Wanes on US-Japan Trade Deal
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Treasuries were poised to end a five-day streak of gains Wednesday as demand for havens waned after the US inked a trade deal with Japan.
The yield on US 10-year debt rose three basis points to 4.38%, halting a week-long slide. Germany's benchmark borrowing costs were three basis points higher at 2.62% ahead of a sale of 10-year debt while UK equivalents were five basis points up at 4.62% following a sale of 15-year securities.
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