Bonds mostly flat in quiet trade


U.S. Government Bonds Flat in Quiet TradeThe U.S. government bonds were trading nearly flat on Tuesday amid subdued trade with investors seeking riskier assets. The yield on the benchmark 10-year Treasury note which moves inversely to its price stood flat at 1.7 pct and the yield on the 2-year Treasury bond rose 1bp to 0.722 pct by inn GMT.Yesterday, the Chicago Fed President Evans said that the U.S economic fundamentals are strong and he sees growth about 2.5 pct for the rest of the year.

The yield on the benchmark 10-year Treasury note which moves inversely to its price hovered at 2.30 percent and the yield on the short-term 2-year bonds also remained unchanged mostlj 1. percent by 0415 GMT.The Reserve Bank of Australia (RBA) Governor Glenn Stevens said that they are very committed to inflation-targeting monetary policy framework and suspect there are quite some years traed fiscal repair work for the government in the period ahead.

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Bonds mostly flat in quiet trade

Bonds in trade mostly flat quiet