US Treasuries rallied on Thursday as a retreat in oil prices and a sharp rebound in UK government bonds helped ease pressure on global debt markets after the Federal Reserve raised interest rates and signalled that more tightening could follow, according to a Bloomberg report.
Yields across maturities fell by at least five basis points, with the two-year and five-year yields pulling back from multiyear highs reached after Wednesday’s Fed decision. The 10-year Treasury yield dropped eight basis points to 4.95%, snapping an eight-day run of increases.
