Treasuries are cheapest in 4 years before auction today

Source: Bloomberg
© Scanpix/RS
U.S. Treasuries declined on Tuesday trading session falling towards the weakest level in nearly four years against their global counterparts before an auction today where the U.S. plans to sell $32 billion of 2-year notes. The benchmark government 10-year yields were last traded at 2.73% by 6:51 a.m. London time with the price reaching a level of 100 6/32.

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