US : 10-Year Treasury yield falls to record low
Tue Jul 05 2016
Nikki Bailey (1060 articles)

US : 10-Year Treasury yield falls to record low

The U.S. 10-year Treasury yield, a benchmark for borrowing costs across the globe, fell to a record low on Monday as investors sought safe-haven assets in the face of concerns about global growth.

The yield touched a new low of 1.378 percent, according to Reuters data, dropping below the previous trough of 1.3810 struck in July 2012.

Concerns about growth, not least as a result of Britain’s vote last month to leave the European Union, and the prospect of easier monetary policy, have driven investors to seek low-risk government debt.

This has pushed yields in Germany, Japan and Switzerland to a series of new lows in recent days.

Nikki Bailey

Nikki Bailey

Nikki Bailey reports on US Stocks. She covers also economy and related aspects. She has been tracking US Stock markets for several years now. She is based in New York

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