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Bond Markets

Treasuries Close Sharply Lower Following Powell Comments

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

Following the rebound seen in the previous session, treasuries showed a substantial move back to the downside during trading on Monday.

Bond prices came under pressure early in the day and slid more firmly into negative territory as the session progressed. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, spiked 16.7 basis points to 2.315 percent.

The ten-year yield more than offset the pullback seen last Friday, ending the session at its highest closing level since late May 2019.

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