Treasurys Hit Session Low on Consumer Sentiment Data

The consumer sentiment reading from Umich/Reuters rose to 79, beating 74 forecast. Bond prices hit fresh session lows. The 10-year yield broke the 200-day moving average around 1.83%, and traders say this could galvanize more selling to push the yield toward 2%. The 10-year note is recently 27/32 lower in price to yield 1.854%. 

Treasurys Hit Session Low on Consumer Sentiment Data

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