3/28/2019, 5:40 PM (Source: TeleTrader)
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Treasuries pull back as stocks struggle for gains

Prices of United States government debt retreated on Thursday on a stronger start on Wall Street, but stocks soon swung marginally into negative territory. The decline in Treasury securities took yields for median- to long-term maturities off the lowest levels since late 2017. Precious metals deepened losses, led by palladium, while oil was also in the red.

The two-year US yield rose by two basis points to 2.226% at 12:38 pm ET. The ten-year measure grew 1.9 points to 2.393% and the 30-year rate was 0.9 points higher at 2.818%. Corresponding futures prices decreased by 0.07%, 0.23% and 0.19%, respectively.

Investors are waiting for the results of an auction for $32 billion in seven-year notes. Yesterday's sale of five-year debt ended with the benchmark high yield modestly above market levels, capping the plunge on the short end of the curve.

Breaking the News / IT