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Global Markets: Bond yields hit multi-month highs on report China may slow U.S. bond purchases

Reuters  |  LONDON 

By Ritvik CarvalhoLONDON (Reuters) - Major government bond yields hit multi-month highs on Wednesday, extending earlier gains on a report that Chinese officials have recommended slowing or halting purchases of U.S. government bonds.The yield on 10-year U.S. Treasury hit a 10-month high of 2.59 percent in European trade and was up 4 basis points on the day, pushing the dollar to a six-week low against the Japanese yen."The latest rise (in yields) is caused by the news that Chinese officials are recommending lower purchases of U.S. Treasuries for their FX reserves," said Mizuho strategist ...

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First Published: Wed, January 10 2018. 18:30 IST