Treasuries Hold Losses as Ukraine Tension Eases Before Jobs Data
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The yield on benchmark 10-year Treasuries maintained the biggest gain since November amid speculation the crisis in Ukraine will ease, and before U.S. data this week forecast to show employers stepped up hiring.
Australian and Japanese government bonds retreated after Russian President Vladimir Putin said yesterday that there’s no immediate need to invade eastern Ukraine, limiting demand for havens. Treasury 10-year yields rebounded from a one-month low, surging back above their 200-day moving average after dipping below the mark this week for the first time since May.