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Bond Markets

Treasuries See Further Downside As Producer Prices Rise More Than Expected

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

After coming under pressure late in the previous session, treasuries showed another significant move to the downside during trading on Friday.

Bond prices moved notably lower in early trading and remained firmly negative throughout the session. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, jumped 8.8 basis points at 4.168 percent.

The continued weakness among treasuries came following the release of a Labor Department report showing producer prices climbed by slightly more than expected in the month of July.

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