Treasury Bonds Rally at End of Second Quarter

Treasury Bonds Rally at End of Second Quarter
·3 min read

Investors bought government bonds on Thursday to close out a turbulent quarter of trading, sending the yield on the benchmark 10-year U.S. Treasury note back below 3% as concerns about slowing economic growth mounted. Fears of an economic downturn have drawn more investors toward the guaranteed returns offered by ultrasafe Treasury bonds, reversing some of the rapid gains yields saw earlier this year. Treasury yields largely reflect expectations for short-term rates set by the Federal Reserve.