US Treasuries (UST) Market

US Treasury yields rose across the curve for the week after the House of Representatives passed a US$4.1 trillion budget on Thursday which was seen as development for the tax reform. Hawkish speeches by Fed Williams and Harker had also driven yields up. At Friday’s 11 am pricing, the 2-, 5- and 10-year UST traded at 1.49%, 1.95% and 2.35% respectively.