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Bond relief ebbs, stocks fall as investors question Treasury's rescue efforts | live
By Niket Nishant and Rae Wee Aug 20 (Reuters) - A bond market reprieve appeared to be fading on Thursday as U.S. government bonds sold off and kept stocks under pressure, with investors questioning how effective the Treasury's support would be. Yields on the 30-year U.S. government bond rose 3.05 basis points to 5.2235% after falling to 5.1765% earlier, a day after the Treasury's pledge to buy back more longer-dated debt. Yields move inversely to prices.
By Niket Nishant and Rae Wee Aug 20 (Reuters) - A bond market reprieve appeared to be fading on Thursday as U.S. government bonds sold off and kept stocks under pressure, with investors questioning how effective the Treasury's support would be. Yields on the 30-year U.S. government bond rose 3.05 basis points to 5.2235% after falling to 5.1765% earlier, a day after the Treasury's pledge to buy back more longer-dated debt. Yields move inversely to prices.
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