Treasuries ticked up as investors shore to safe heaven assets after investors tracked development in the Russia-Ukraine war and raising oil prices.
The yield on the benchmark 10-year Treasury note rose 5 basis points to 1.875% at around Thailand time 12:33 hours. whereas the yield on the 30-year Treasury bond reached to 2.25%.
The rising yield implies investors perception about dimming economic outlook.
In the U.S., lawmakers are exploring options to put bar on imports of Russian oil. Russia for its part threatened to cut natural gas supplies to Europe via the Nord Stream 1 pipeline. That underlines how the conflict and economic warfare against resource-rich Russia are dimming the outlook.
