Halister News

(Bloomberg) -- Yield on 3-year govt note rises 12 bps to 1.812%, set for biggest increase since Feb. 2015; yield on 10-year bond up 11 bps to 2.468%.

• Moves come after U.S. Treasury 10-year note yield climbed 9 bps overnight; earlier in the day, data showed Australian 4Q GDP rose 0.6% from three months earlier; median est. was for increase of 0.4%
• “The combination of risk-on appetite in financial markets overnight and then the stronger-than-expected GDP print has just caused the market to unwind,” says Skye Masters, head of interest-rate strategy at NAB
• “The market’s priced in a lot of bad news,” she says by phone. “If the data doesn’t deliver that, then the risk is for yields to drift higher.”