Bond Selloff Eases in Volatile Trading Day
U.S. Treasury yields rose after economic data, with the benchmark 10-year yield hitting a new 24-year high near 5.34%, before receding during volatile trading.
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04:52:40 PM UTC
SquawkNews
By Caroline Valetkevitch and Amanda CooperBond yields fell on Thursday, after the benchmark 10-year Treasury yield earlier hit its highest level since 2002, while stocks also eased as US manufacturing data pointed to sustained inflation pressures.Yields initially hit fresh highs after the data, whi…
Worries about a hot economy, inflation and widening fiscal deficits kept bonds volatile Thursday. S. 34% before easing.