The Treasury market rallied yesterday on a combination of bargain-hunting and short covering, but traders dismissed the gains as a technical rebound following four sessions of price declines.

Late in the day, the 30-year bond was up 1/2 point to yield 7.60% and notes were 1/4 to 7/8 point higher.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.