Bond Markets

Treasuries Move Sharply Higher Amid Optimism About Interest Rates

Treasuries moved sharply higher during trading on Thursday, extending the strong upward move seen over the course of the previous session.

Bond prices gave back some ground after an early surge but remained firmly positive. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, tumbled by 12.0 basis points to 4.669 percent.

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by RTTNews Staff Writer

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