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Bond Markets

Treasuries Show Another Strong Move Back To The Upside

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

Treasuries showed a strong move to the upside during trading on Wednesday, extending the substantial rebound seen in the previous session.

Bond prices moved sharply higher in early trading and remained firmly positive throughout the day. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, slid 9.3 basis points to 4.015 percent.

The ten-year yield added to the 12.6 basis point slump seen on Tuesday, pulling back further off Monday's fourteen-year closing high.

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