Treasuries Move Notably Higher After Early Volatility

(RTTNews) - After showing a lack of direction early in the session, treasuries showed a notable move to the upside over the course of the trading day on Tuesday.

Bond prices bounced back and forth across the unchanged line in early trading before climbing more firmly into positive. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, slid 5.6 basis points to 3.469 percent.

The higher close by treasuries came as traders picked up bonds at somewhat reduced levels following the pullback seen over the three previous sessions.