Treasuries Draw $5.4 Billion as 10-Year Yield Flirts With 5%

Investors added $5.4 billion to Treasuries over the past week, even as the 10-year yield approached 5% during Friday’s bond sell-off. The government debt inflow was part of $12.1 billion that went into bonds overall. The iShares 20+ Year Treasury Bond ETF, which holds long-dated government debt, took in $1.14 billion over the past month. The fund had $47.3 billion in assets. The 10-year yield dropped 19 basis points Thursday, equal to 0.19 percentage point, before trading near 5% Friday.

Source: TokenPost