Bond Report: Treasury yield see biggest weekly rise since November [MarketWatch]
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Source: MarketWatch
Treasury yields see biggest weekly rise since November Treasury yields rose sharply on Friday, capping a weeklong rise, as a rally in global stocks dampened appetite for haven assets like U.S. government paper ahead of a three-day weekend for U.S. markets. Most U.S. financial markets will be closed Monday in observance of Martin Luther King Jr. holiday . The 10-year Treasury note yield TMUBMUSD10Y, +1.33% rose 3.6 basis points to 2.783%, for a weekly rise of 8.2 basis points. The 2-year note yield TMUBMUSD02Y, +2.12% was up 4.8 basis points to 2.611%, its highest since Dec. 21, contributing to a weekly climb of 6.4 basis points. Both maturities logged their largest weekly yield gains since Nov. 2. The 30-year bond yield TMUBMUSD30Y, +0.73% advanced 2 basis points to 3.095%, extending its weekly rise to 5.9 basis points. Bond prices move in the opposite direction of yields. U.S. equities posted their fourth straight gain , while stock markets in Asia and Europe also gained gro
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