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Bond yields tick higher ahead of ECB rate hike and Treasury buyback

Investors are positioned for an ECB rate hike while also watching the Treasury’s first buyback auction with higher volume.

Reported · Written up by our desk · Government Bonds

Long-dated government bond yields edged higher as investors looked ahead to the European Central Bank’s expected rate hike, according to The Wall Street Journal. In the same period, U.S. Treasury yields also rose modestly.

The WSJ Markets also pointed to the U.S. Treasury’s first buyback auction, noting that the auction is scheduled with increased volume, which adds to the market focus on how supply and demand will balance.

Overall, the move reflected a mix of eurozone policy expectations and near term U.S. Treasury market activity.

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