United States Treasury yields dropped on Friday after a tumultuous week that, day after day, saw asset prices in several markets change course multiple times.
Investors today chose safe-haven asset classes such as gold and US bonds as they seemed unconvinced about commercial bank resiliency and remained cautious about the risk to the economy from recent banking stress.
The return on the 10-year Treasury note dropped by 12.3 basis points to 3.462% at 8:55 am ET and the yield on the two-year note declined 7.8 basis points to 4.055% a minute later. The return on the 30-year bond decreased 8.2 basis points to 3.632% at 8:57 am ET.
