2/24, 11:12 AM (Source: TeleTrader)
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Treasury yields drop amid Russia-Ukraine conflict

Yields on United States Treasuries fell on Thursday after Russia launched a military operation in Ukraine.

The yield on the benchmark 10-year Treasury note declined 9.7 basis points to 1.88% at 5:08 am ET. The yield on the 2-year note lost 9.4 basis points to hit 1.506% at 5:07 am ET and the yield on 30-year debt decreased by 7.7 basis points to 2.198%.

Bond futures, which move in the opposite direction to yields, rose across the board. The 2-year note added 0.17% at 5:00 am ET, 10-year note futures jumped 0.77% and the 30-year Treasury futures climbed 1.23% at the same time.

Baha Breaking News (BBN) / NP