Bond Markets

Treasuries Give Back Ground As Biden To Nominate Powell For Second Term

Treasuries showed a notable move to the downside during trading on Monday, giving back ground after trending higher over the past few sessions.

Bond prices moved steadily lower as the day progressed, settling firmly in negative territory. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, advanced 8.9 basis points to 1.625 percent.

Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe Now
Already subscribed? Sign in

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

More Bond Markets