Bond Report: Treasury yields come off session highs after Italian bond selloff

Treasury yields pared their rise on Thursday as investors grappled with a selloff in Italian debt and further stock-market weakness that could be drawing investors into the perceived safety of U.S. government paper.

The 2-year Treasury note yield TMUBMUSD02Y, +0.31% was down by 0.8 basis point to 2.874%, after briefly pushing above 2.90% to hit a decadelong high. The 10-year note yield TMUBMUSD10Y, -0.14% was up 0.4 basis point to 3.175%, down from its intraday high of 3.216%, while the 30-year bond yield TMUBMUSD30Y, -0.09% picked up 1.3 basis points to 3.359%, near its four-year high of 3.401%, according to Tradeweb data.

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