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Bond Markets

Treasuries Show 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 Monday, regaining ground following the weakness seen last Friday.

Bond prices moved notably higher early in the session and remained firmly positive throughout the day. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, slid 7.4 basis points to 4.545 percent.

The strength among treasuries may have reflected bargain hunting after the ten-year yield ended Friday's trading above 4.6 percent for the first time since late May.

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