Treasurys Draw Safety Bets As Equities, Commodities Turn Lower

Treasury prices turned higher Thursday, weighing on yields, as investors sold stocks in favor of safer assets in an earnings-heavy trading session. Over the past two trading days, a pullback in U.S. equities due to mixed quarterly results has benefited Treasurys, as investors seek safe assets. This has pushed Treasury prices higher and pushed yields, which move inversely to prices, down. The yield on the 10-year Treasury fell 1.5 basis point to 2.329% on Thursday.