FT: US Treasury yields rise

Rates – US Treasuries are again lower, pushing 10-year yields up 13 basis points to 3.27 per cent, their highest level since mid-June. Wall Street research boutique Strategas says that the benchmark yield has now burst above its 200-day moving average and the “the next key level is 3.37%”.

The US will auction $21bn of 10-year notes later today. The yields at an auction of 3-year notes on Tuesday were at 0.862 per cent, almost 30 basis points above the previous auction a month ago.