Bond Report: 10-year Treasury yields edge lower, add to weekly slide ahead of short Thanksgiving week

by | Nov 17, 2023 | Stock Market

Long U.S. bond yields edged lower Friday, with the 30-year Treasury rate logging its sharpest 4-week drop of the year, as recent data pointed to a slowing economy and investors braced for a shortened Thanksgiving holiday week. What happenedWhat drove markets Traders in longer U.S. government bonds took a breather Friday, after an explosive rally in the first half of November pushed yields down by more than 50 basis points from a 16-year high. The…

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