Bond Markets

Ten-Year Yield Reaches New Sixteen-Year Closing High

Treasuries fluctuated over the course of the trading session on Thursday but largely maintained a negative bias throughout the day.

Bond prices came under pressure going into the close of trading, closing firmly negative. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 8.4 basis points to 4.988 percent.

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by RTTNews Staff Writer

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