Treasuries showed a substantial move to the downside during trading on Thursday, more than offsetting the advance seen going into the close of the previous session.
Bond prices climbed off their worst levels in the final hour of trading but remained sharply lower. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, spiked 14.9 basis points to 3.066 percent.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com