Rally in U.S. Treasurys picks up steam as stocks slump

MarketWatch - MarketPulse

Treasury prices extended their rise during trading on Thursday as investors rotated out of risk assets into the perceived safety of U.S. government paper. The 10-year Treasury note yield
TMUBMUSD10Y, +0.46%
fell 9.2 basis points to 3.135%, while the 2-year note yield
TMUBMUSD02Y, +0.01%
was down 4.1 basis points to 2.840%. The 30-year bond yield
tmubmusd30
slipped 9 basis points to 3.311%, according to Tradeweb data. Bond prices move in the opposite direction of yields. U.S. Treasurys have served as a port of call during market turmoil, though that relationship was challenged earlier this week when both prices for bonds and stocks fell together.


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