Bonds point to risk-on sentiment after French election’s first round

Early Asia trading in government bonds suggests risk-off trading is finally easing up after the first round of the French election.

Since Asia Pacific trading kicked off, yields – which moves inversely to price – on 10-year US Treasuries have risen 2 basis points to 2.2463 per cent.

The move has been even more pronounced for the equivalent Australian note, which has seen yield rise 9 bp to 3.025 per cent.