US 10-yr treasury yield drops below 2%

By FXStreet FXStreet (Mumbai) – The risk aversion seen in Asia worsened in Europe and pushed the yield on the safe haven 10-yr treasury yield below 2%.

The yield currently trades almost 8 basis points lower at 1.958%. The 2-yr yield, which mimics rate hike bets, is down more than 5 basis points at 0.813%.

The flight to safety gathered pace after the pan-European blue chip Euro Stoxx 50 index fell 3.5%. The losses in European equities have also pushed the S&P 500 futures deep into the red.
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Source:: FX Street