Bond market volatility returns as 10-year Treasury yield makes largest two-day swing since May
Bond market volatility made a comeback after remaining muted for most of last year. The 10-year Treasury note yield has moved around 22 basis points in the span of two days, according to Dow Jones Market Data. The benchmark maturity fell 10 basis points on Thursday, and is up more than 11 points on Friday. This would mark the largest two-day swing since May 30, when the benchmark maturity moved 23 basis points after geopolitical jitters in Italy and Spain appeared to threaten the euro. Treasurys have been roiled by shifting expectations over the Federal Reserve's rate hikes as senior Fed officials have urged patience over the policy outlook. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.