U.S. Treasuries remain slightly higher amid muted trading ahead of Q2 GDP

The U.S. Treasuries remained slightly higher during Monday’s afternoon session amid a muted trading day that witnessed data of little economic significance. However, this week’s few auctions and gross domestic product (GDP) for the second quarter of this year, due on August 29 shall provide some direction to the debt market.

The yield on the benchmark 10-year Treasury yield remained tad down at 1.522 percent, the super-long 30-year bond yield lost a little over 1 basis point to 2.012 percent and the yield on the short-term 2-year suffered 2 basis points to 1.510 percent by 12:30GMT.

Risk-off sentiment prevailed in early trade, with European equity markets opening lower and Asian bourses losing ground in today’s session, following the latest tit-for-tat trade war escalation between the world’s two largest economies, Eurobank Economic Analysis & Financial Markets Research reported.

Meanwhile, the S&P 500 Futures traded tad 0.49 percent lower at 2,869.38 by 12:35GMT.