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Bond Markets

Treasuries Show Substantial Move Back To The Upside Amid Recession Worries

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

Following the pullback seen in the previous session, treasuries showed a substantial move back to the upside during trading on Wednesday.

Bond prices moved sharply higher early in the session and remained firmly positive throughout the day. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, tumbled 15.1 basis points to 3.156 percent.

Treasuries once again benefited from their appeal as a safe haven amid concerns about inflation, interest rates and a possible recession.

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