Treasuries Move Back To The Upside Amid Quiet Trading Session

(RTTNews) - Following the notable pullback seen in the previous session, treasuries moved back to the upside during trading on Wednesday.

Bond prices moved higher in morning trading and remained firmly positive for the rest of the session. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 4.1 basis points to 2.030 percent.

The rebound by treasuries came as stocks moved mostly lower amid concerns about corporate earnings and the outlook for the global economy.

Nonetheless, overall trading activity on the day was somewhat subdued amid a lack of major U.S. economic data.

Traders may have been looking ahead to tomorrow's reports on weekly jobless claims, existing home sales, and leading economic indicators.