Treasurys fall on dollar and stock rally
Government bonds slip as inflation concerns settle, oil falls back, and equity markets rebound
Bonds sank Friday as the falling dollar, struggling stocks and rising oil of the past few sessions reversed gears.
The benchmark 10-year U.S. treasury bond fell 10/32 to 101 2/32, while it yielded 3.87% for investors, up from 3.82% late Thursday. Bond prices and yields move in opposite directions.
The 30-year long bond traded down 1/32 at 100 18/32, and its yield rose to 4.47% from 4.46%. [Read more →]
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