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Bond Markets

Treasuries Give Back Ground Following Yesterday's Rally

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

After moving sharply higher over the course of the previous session, treasuries gave back ground during trading on Friday.

Bond prices climbed off their worst levels after seeing early weakness but still closed in the red. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 4.3 basis points to 1.573 percent.

The rebound by the ten-year yield came after it ended Thursday's trading at its lowest closing level in over a month.

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