Bond Report: Treasury yields extend declines, with 10- and 30-year posting biggest two-day drop in over a week
The 10- and 30-year U.S. Treasury yields posted their biggest two-day drops in over a week amid a continued rally in government bonds, as traders continued to focus on the impact that persistent inflation may take on the U.S. economy.
What are yields doing?What’s driving the market?
Yields remained lower as investors continued to weigh the impact of persistent inflation on economic growth against incoming data releases.On Thursday, weekly data showed U.S. jobless claims dipping 1,000 to a pandemic low of 268,000 in the seven…
