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Bond Markets

Treasuries Move Sharply Higher Amid Renewed Tariff Uncertainty

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

Treasuries showed a significant move to the upside during trading on Monday, more than offsetting the modest weakness seen during last Friday's session.

Bond prices advanced early in the session and climbed more firmly into positive territory as the day progressed. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, slumped 5.7 basis points to 4.029 percent.

Treasuries benefitted from their appeal as a safe haven amid renewed trade uncertainty following the U.S. Supreme Court's decision to strike down most of President Donald Trump's global tariffs.

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