Bonds & Rates
Home›Bonds & Rates›Government Bonds›US Treasuries rebound as France fiscal worries lift ha…
US Treasuries rebound as France fiscal worries lift haven demand
The yield on two-year Treasuries fell as much as 13 basis points to 4.75% during the rebound.
US Treasuries rebounded after a global bond selloff, as pressure in European markets increased demand for haven assets, helping pull down 10-year yields that had earlier hit a 24-year high, according to LiveMint Markets.
On Thursday, concern around France’s fiscal and political situation pushed euro-area risk premiums higher and supported the rise in US government bonds.
Long-term UK bond yields also jumped above 6%, while haven appetite in the US helped send the yield on two-year Treasuries lower by as much as 13 basis points to 4.75%, putting it on pace for its biggest decline since August 2025.
LiveMint Markets cited Izaac Brook, US rates strategist at RBC Capital Markets, saying the move was not driven by US data, but by investors looking to overseas yields and rotating toward Treasuries for safety as they reassessed the path of interest rates.