Treasuries fall as debt ceiling approaches

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Source: Bloomberg
© Scanpix/FP
U.S. government Treasuries declined on Tuesday, while the government Shutdown continues and debt limit will be hit on October 17. Tomorrow the American government plans to sell $30 billion of debt securities. Treasuries used to be safe assets to invest in times of political and financial uncertainty, but three-year bonds' yields are adding 0.02% to 0.66% this afternoon, while 10-year bonds are trading at 2.7%.
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Tue, 08 Oct 2013 15:30:04 GMT

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