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Bond Markets

Treasuries Give Back Ground Following Hotter-Than-Expected Inflation Data

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

After moving notably higher over the two previous sessions, treasuries pulled back sharply during trading on Friday.

Bond prices regained ground going into the close of trading but remained firmly negative. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 7 basis points to 3.949 percent.

The ten-year yield largely offset the two-day pullback but closed just shy of the three-month closing high set on Tuesday.

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