U.S. Treasury yields inched up Friday, as investors monitored the latest developments around the Russian invasion of Ukraine. The yield on the benchmark 10-year Treasury note rose by 3.5 basis points to 2.009% by around 8:10 a.m. ET. The yield on the 30-year Treasury bond moved 1.5 basis points up to 2.308%. Yields move inversely to prices and 1 basis point is equal to 0.01%. The 2-year note yield, meanwhile, ticked 7.6 basis points higher to about 1.622%. Friday’s moves come after a volatile session Thursday across assets, including bonds. The 10-year traded as low as 1.85% on Thursday — pushing prices higher — as traders tried to protect their portfolios by loading up on traditional safe havens such as Treasurys.
Source: CNBC – Bonds
