Reported over 1 year ago
A rally in US Treasuries lost momentum on the final trading day of June 2024 as yields climbed in the last hour when bond indexes rebalanced. Ten-year yields rose up to 12 basis points, reversing earlier slips, influenced by accelerating inflation overseas and currency fluctuations. Despite weak data and a rebound from session lows following a drop in the Fed's favored inflation gauge, Friday's selloff cut short what was on track to be the largest monthly bond rally of the year, with longer-maturity yields rising at least 10 basis points.
Source: YAHOO