Treasuries Show Modest Move To The Upside

(RTTNews) - After ending the previous session nearly unchanged, treasuries moved moderately higher during trading on Thursday.

Treasuries gave back ground after an early move to the upside but bounced back more firmly into positive territory. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, dipped 2.1 basis points to 1.632 percent.

The uptick by treasuries came following the Federal Reserve's repeated assurances that monetary policy is likely to remain unchanged for the foreseeable future.

The minutes of the Fed's March meeting, released on Wednesday, reiterated that the central bank does not intend to change its ultra-loose monetary policy anytime soon.

The Fed stressed any changes to policy will be outcome-based, indicating interest rates will remain unchanged until the goals of maximum employment and inflation moderately above 2 percent for some time are achieved.
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