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Bond Markets

Treasuries Rebound Amid Ongoing Optimism About Interest Rates

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

After giving back ground in the previous session, treasuries resumed their recent upward trend during trading on Tuesday.

Bond prices moved higher early in the day and remained in positive territory throughout the session. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 3.2 basis points to 3.922 percent.

The ten-year yield more than offset the 2.6 basis point increase seen on Monday, ending the session at its lowest closing level in almost five months.

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