U.S. Treasuries modestly higher start, looking for an upbeat finish to a week that saw yields hit fresh highs for the year.
Treasury futures climbed while other sovereign debt also climbed. The gains have taken place despite some renewed upward pressure on the price of oil, which has WTI crude back near $98/bbl.
Overnight action saw a solid finish to the week from Asian equity markets while European indices are also looking for an upbeat finish.
The U.S. session is likely to see reduced participation, especially in the afternoon, since capital markets will be closed on Monday for Memorial Day.
U.S. Dollar Index is up 0.1% at 99.34.
Yields:
2-yr: -1 bp to 4.08%
3-yr: -2 bps to 4.13%
5-yr: -3 bps to 4.23%
10-yr: -4 bps to 4.55%