us treasury prices climbed on thursday morning with yields falling as investors held on to bonds following the heavy selling of stocks in the previous session the yield on the benchmark 10year treasury note fell 3 basis points to 28533 at 4 am et the yield on the 30year treasury bond moved 2 basis points lower to 30426 yields move inversely to prices and 1 basis point is equal to 001 investors sought a safe haven in treasurys on wednesday as the dow jones industrial average experienced its worst oneday drop since 2020 earnings updates from bigbox retailers showed rising inflation was dragging on corporate profits julian howard head of multiasset solutions at gam told cnbcs squawk box europe that he believed hiking interest rates by central banks was not going to fix the inflation problem anytime soon and i think were starting to see evidence in us earnings in whats been reported amongst retail stocks that actually ramping up rates is starting to affect consumer demand he explained