Bond Report: Treasury yields hold ground as stocks extend slump

Treasury yields struggled for direction Monday as stocks also swung between gains and losses amid signs that paint a mostly dim outlook for the global economy.

The 2-year note yield TMUBMUSD02Y, +0.15% rose half a basis point to 2.912%, marking its highest levels in a decade. The 10-year Treasury note yield TMUBMUSD10Y, +0.66% was mostly flat at 3.196%, while the 30-year bond yield TMUBMUSD30Y, +0.82% was up 0.3 basis point to 3.383%, near its more than four-year high of 3.401%. Bond prices move in the opposite direction of yields.

Stocks were mixed throughout Monday’s session, with the S&P 500 SPX, -0.43% and Dow Jones Industrial Average DJIA, -0.50% both down around 0.3%.

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