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Bond Markets

Treasuries Move To The Upside Following Powell Testimony

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

Treasuries showed a lack of direction in morning trading on Tuesday but moved to the upside over the course of the afternoon.

Bond prices climbed more firmly into positive territory after bouncing back and forth across the unchanged line. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 3.4 basis points to 1.746 percent.

With the decrease on the day, the ten-year yield gave back ground after ending Monday's trading at its highest closing level since January of 2020.

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