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March 11, 2021, 10:41 a.m. EST

Treasury yields bounce off lows as supply looms

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By Sunny Oh


U.S. government bond yields bounced off their intraday lows on Thursday as investors looked to make room for issuance of new 30-year Treasury bonds and investment-grade corporate debt issuance from Verizon. /zigman2/quotes/204980236/composite VZ +0.37% The 10-year Treasury note yield rose 2 basis points to 1.540%, off their low of around 1.475%, while the 30-year bond yield climbed 4.7 basis points to 2.289%. Bond prices move inversely to yields. Broker-dealers typically bid yields higher to attract bond buyers ahead of a Treasury auction. And banks tasked with drumming up demand and selling corporate bonds will sometimes sell long-term Treasury futures to offset the risk that interest rates will rise and weigh on the prices of the debt during the issuance process.

$ 53.70
+0.20 +0.37%
Volume: 10.33M
Jan. 20, 2022 1:26p
P/E Ratio
Dividend Yield
Market Cap
$221.50 billion
Rev. per Employee

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