Treasury yields jump, point to risk-on after first round of French election
|Treasury yields jumped in Asia after the first round of the French election ended with Macron and Le Pen in the lead.
The yield on the 10-year Treasury note jumped to 2.318 and was last seen trading around 2.312%; up 7.6 basis points on the day. The 2-year yield added 7 basis points as well.
Australia 10-year bond yield jumped 9 basis points to 3.025%.
The rise in the yields clearly indicates the risk-on action is likely to continue in Europe and North American session. However, one needs to cautious as the geopolitical tensions could still linger.
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