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Bond Markets

Treasuries Move Sharply Lower Amid Worries About Higher Interest Rates

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

After seeing some early volatility, treasuries moved sharply lower over the course of the trading session on Friday.

Bond prices moved roughly sideways in afternoon trading, stuck firmly in negative territory. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, jumped 11.2 basis points to 3.156 percent.

With the substantial increase on the day, the ten-year yield ended the session at its highest closing level in well over three years.

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