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Bond Markets

Treasuries Show Modest Move To The Upside

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

After ending the previous session nearly unchanged, treasuries moved moderately higher during trading on Thursday.

Treasuries gave back ground after an early move to the upside but bounced back more firmly into positive territory. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, dipped 2.1 basis points to 1.632 percent.

The uptick by treasuries came following the Federal Reserve's repeated assurances that monetary policy is likely to remain unchanged for the foreseeable future.

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