Bond Report: Treasury yields slide after stock slump offsets inflation strength

Treasury yields came off their session lows Wednesday after turbulence in the stock market drew investors into the perceived safety of U.S. government bonds, even as risks of a botched Brexit appeared to diminish.

The 10-year Treasury note yield TMUBMUSD10Y, -0.76% slipped 3.3 basis points to 2.862%, while the two-year note yield TMUBMUSD02Y, -1.14% fell 2.6 basis points to 3.120%. The 30-year bond yield TMUBMUSD30Y, +0.03% was down 1.2 basis points to 3.354%, extending its streak of yield declines to seven sessions. Bond prices move in the opposite direction of yields.

Stocks struggled to rebound after a week of turbulent trading, with investors taking shelter in Treasurys despite data showing an uptick in inflation.

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