Joseph Adinolfi is a markets reporter at MarketWatch.
Treasury yields dropped on Friday, reversing some of Thursday’s advance, as traders sought safety in bonds amid concerns about an escalating conflict between Israel and Hamas.
“Geopolitical tensions are once again front and center as Israel urges the evacuation of northern Gaza ahead of further military action. Mass protests are anticipated, and investors are understandably on edge as Friday the Thirteenth gets underway,” said Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets.
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