Bond Markets

Treasuries Move Sharply Higher Following Manufacturing Data, Powell Comments

Following the notable pullback seen in the previous session, treasuries showed a substantial move back to the upside during trading on Friday.

Bond prices jumped early in the trading day and continued to advance as the session progressed. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, tumbled 12.6 basis points to 4.352 percent.

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by RTTNews Staff Writer

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