Treasuries Rally After U.S. Drops Huge Non-Nuclear Bomb on ISIS
- U.S. government bonds rallying for longest stretch since July
- Geopolitical risks, Trump comments spur safe-haven demand
The U.S Treasury Building in Washington.
Photographer: J. David Ake/APThis article is for subscribers only.
Treasuries rallied, reversing earlier declines, after the U.S. dropped the largest non-nuclear bomb in its arsenal on an Islamic State target in Afghanistan.
The 10-year U.S. yield fell about two basis points to 2.22 percent at 1:10 p.m. in New York, remaining above its session low reached in early U.S. trading. The yield curve from five to 30 years steepened, while the 10-year breakeven inflation rate pared its gain.