Treasury yields fell Thursday, as government paper found support from apparent safe-haven flows as stocks continued to lose ground.
What yields are doing?
The yield on the 10-year Treasury note
fell to 2.832%, down from 2.918% at 3 p.m. Eastern on Wednesday. Yields and debt prices move opposite each other.
The 2-year Treasury yield
slipped to 2.57% from 2.629% Wednesday afternoon.
The 30-year Treasury bond yield
was at 2.974%, down from 3.04% late Wednesday.
What’s driving the market?
Yields were declining as U.S. stocks appeared headed for another round of losses after the Dow Jones Industrial Average
on Wednesday fell for a fifth straight session and the S&P 500
ended at its lowest in more than 13 months.
Yields remained lower after data showed the producer price index rose 0.5%, in line with forecasts. First-time jobless claims rose 1,000 to 203,000 last week, the Labor Department reported. Economists had expected a fall to 194,000.