June 6, 2018 / 12:54 PM / 4 months ago

TREASURIES-U.S. yields add rise as U.S. trade unexpectedly shrinks

NEW YORK, June 6 (Reuters) - U.S. Treasury yields extended their earlier rise on Wednesday as the U.S. trade deficit unexpectedly declined to a seven-month low in April, supporting the view of an acceleration of domestic economic growth in the second quarter.

At 8:48 a.m. (1248 GMT), the yield on benchmark 10-year Treasury notes was 2.953 percent, up over 3 basis points from late on Tuesday. It hit a 1-1/2 week peak at 2.964 percent shortly after the release of the April U.S. trade data. (Reporting by Richard Leong Editing by Chizu Nomiyama)

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