Bond Report: Treasury yields fall as stocks remain under pressure

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Treasury yields fell Thursday, as government paper found support from apparent safe-haven flows as stocks continued to lose ground.

What yields are doing?

The yield on the 10-year Treasury note
TMUBMUSD10Y,
2.836%

fell to 2.832%, down from 2.918% at 3 p.m. Eastern on Wednesday. Yields and debt prices move opposite each other.

The 2-year Treasury yield
TMUBMUSD02Y,
2.577%

slipped to 2.57% from 2.629% Wednesday afternoon.

The 30-year Treasury bond yield
TMUBMUSD30Y,
2.995%

was at 2.974%, down from 3.04% late Wednesday.

What’s driving the market?

Yields were declining as U.S. stocks appeared headed for another round of losses after the Dow Jones Industrial Average
DJIA,
-1.02%

on Wednesday fell for a fifth straight session and the S&P 500
SPX,
-1.65%

ended at its lowest in more than 13 months.

Yields remained lower after data showed the producer price index rose 0.5%, in line with forecasts. First-time jobless claims rose 1,000 to 203,000 last week, the Labor Department reported. Economists had expected a fall to 194,000.

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