U.S. Treasury yields rose on Friday amid confusion over the United States policy...
NEW YORK - U.S. Treasury yields rose on Friday amid confusion over the United States policy on trade with China, while political turmoil in Italy compounded investor concerns, capping a volatile week in the bond market.
Adding to investors’ jitters was news that the British economy unexpectedly contracted in the second quarter, the first time since 2012, as Prime Minister Boris Johnson prepares to pull the country out of the European Union in October. “It created a whole level of uncertainty and that’s not good,” said Mary Ann Hurley, vice president of fixed income at D.A. Davidson in Seattle.
Ten-year yields fell for a second week, marking their steepest two-week drop in nearly eight years, according to Refinitiv data.
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