US 10-yr treasury yield drops below 2%

By FXStreet FXStreet (Mumbai) – The yield on the benchmark 10-year treasury yield in the US fell below 2% on the back of a rise in the safe haven demand for the treasury notes.

The yield currently trades 3.1 basis points lower at 1.991%. The more policy sensitive 2-year yield currently trades almost 3 basis points lower at 0.84%.

The Chinese equity markets ended the day with 6% losses and triggered risk aversion in the European equity futures. The resulting risk aversion pushed the treasury prices higher (yields lower). Other safe havens like Gold and JPY also strengthened.
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Source:: FX Street