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Bond Markets

Treasuries Extend Pullback Amid Worries About Higher Rates

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

After initially showing a lack of direction, treasuries moved to the downside over the course of the trading session on Friday.

Bond prices came under pressure as the morning progressed and remained firmly negative throughout the afternoon. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, rose 4.3 basis points to 3.818 percent.

The ten-year yield added to the 8.3 basis point increase seen on Thursday, continuing to regain ground after ending Wednesday's trading at its lowest closing level in over a month.

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