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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.