Treasury yields decline, key bond spread narrows with jobs data and Russia-Ukraine war in focus

(CNBC) Treasury yields declined on Tuesday as traders monitored negotiations between Ukraine and Russia the relationship between short and long-term bonds. The yield on the 5-year Treasury note retreated 7 basis points to 2.495% in afternoon trading, while the yield on the 30-year Treasury bond was down about 6 basis points to 2.518%. The yield on the benchmark 10-year Treasury note dropped about 8 basis points to 2.4%. Yields move inversely to prices and 1 basis point is equal to 0.01%.

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