MW: Treasury yields extend march higher after taper
By Ben Eisen
NEW YORK (MarketWatch) -- Treasury prices fell Friday, sending yields higher for the third consecutive day, after the Federal Reserve announced a decision to scale back its bond-purchasing stimulus program next month. The 5-year note 5_YEAR +2.68% yield, which rises as prices fall, was up 3 basis points on the day at 1.680%, on track for its highest close since September. The note yielded 1.496% late Tuesday, before the Fed's announcement Wednesday afternoon. The 10-year note 10_YEAR +0.51% yield was up 1.5 basis points at 2.944%, and the 30-year bond 30_YEAR -0.38% yield fell 1 basis point to 3.897%.
