Treasurys Off to Their Best Start to the Year Since 2001

Treasurys Off to Their Best Start to the Year Since 2001
A trader on the floor of the New York Stock Exchange at the closing bell in New York on Dec. 30, 2022. Timothy A. Clary/AFP via Getty Images
Andrew Moran
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The U.S. Treasury market is off to its best new-year start in two decades as investors purchased government debt with expectations of the Federal Reserve slowing down its tightening efforts.

The benchmark 10-year yield tumbled 10 basis points, to 3.78 percent, on Jan. 3, the sharpest decline on the first trading session of the year since 2001. Yields continued heading lower in the middle of the holiday-shortened trading week, with the 10-year bond sliding nearly 9 basis points, to around 3.70 percent.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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