Bond Report: 10-year Treasury yield stages biggest one-day jump in nearly three months

U.S. Treasury yields rose Friday after news reports said President Donald Trump declined to launch military strikes against Iran in retaliation for shooting down a U.S. drone, reducing the need for a safe haven for investors.

Still, yields remained lower for the week after the Federal Reserve delivered on the bond-market’ s expectations for more dovish monetary policy this year, after they opened the door to a rate cut at its two-day meeting this week.

What are Treasurys doing?

The 10-year Treasury note yield TMUBMUSD10Y, +1.82% climbed 6.5 basis points to 2.066%, trimming the benchmark rate’s weekly decline to 2.6 basis points.

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