Read Time:34 Second
Treasury rates tumbled across the curve on Thursday, after the latest batch of U.S. data pointed to a slowdown in economic activity and President Joe Biden tested positive for COVID-19. The 10-year yield hit a New York session low of 2.93% as government-bond buying picked up steam. The drop in yields was led by the 3-year rate, which captures intermediate-term expectations for Fed policy. Most other yields from two to 30 years out were down by 9 basis points each or more.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
0
0