Treasuries Gain on Haven-Asset Demand After Ukraine Hits Russia
- US 10-year yield falls to lowest in week, European bonds rally
- Haven currencies including yen and Swiss franc briefly benefit
Russian Yars nuclear missile launchers in Moscow in 2022.
Photographer: Alexander Nemenov/AFP/Getty ImagesThis article is for subscribers only.
US Treasuries held onto most of the gains fueled by demand for haven assets after an escalation in Russia’s war against Ukraine.
The advances on Tuesday lowered yields on US government debt by several basis points as Ukraine carried out its first strike within Russian territory with Western-supplied missiles and President Vladimir Putin approved an updated nuclear arms doctrine.