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Bond Markets

Treasuries Show Modest Move To The Downside

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

After showing a lack of direction early in the session, treasuries moved modestly lower over the course of the trading day on Thursday.

Bond prices climbed off their worst levels going into the close but remained in negative territory. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, inched up by 1.4 basis points to 1.448 percent.

The modest weakness among treasuries came as a rally on Wall Street reduced the appeal of safe havens like bonds.

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