NewsFeeder
Headline News
- Reaction score
- 3
10-year Treasury note yield carves out fresh nadir below 0.90% in midday Thursday action, as stocks resume tumble
The benchmark 10-year Treasury yield on Thursday fell below 0.9%, carving out a new historic low for the benchmark debt as investors continued to wrestle with the economic implications of the outbreak of COVID-19, the infectious disease that reportedly originated in Wuhan, China in December and has sickened more than 95,000 people world-wide. Bond yields fall as prices rise. The 10-year note yield fell as low as 0.898%, according to FactSet data. The slide in the 10-year note comes as stock-markets are selling off on Thursday, fueling fresh flows into assets considered havens like gold and government debt. The S&P 500 is down 3.3% and the Dow Jones Industrial Average was trading 900 points lower, or off 3.4%, at last check. Concerns around the outbreak of COVID-19 led the U.S. central bank on Tuesday to announce an emergency cut to interest rates to a 1%-1.25% range, but investors fear that global and domestic growth will be impeded by the epidemic.
https://finance.yahoo.com/m/1c1d475...a9/10-year-treasury-note-yield.html?.tsrc=rss
The benchmark 10-year Treasury yield on Thursday fell below 0.9%, carving out a new historic low for the benchmark debt as investors continued to wrestle with the economic implications of the outbreak of COVID-19, the infectious disease that reportedly originated in Wuhan, China in December and has sickened more than 95,000 people world-wide. Bond yields fall as prices rise. The 10-year note yield fell as low as 0.898%, according to FactSet data. The slide in the 10-year note comes as stock-markets are selling off on Thursday, fueling fresh flows into assets considered havens like gold and government debt. The S&P 500 is down 3.3% and the Dow Jones Industrial Average was trading 900 points lower, or off 3.4%, at last check. Concerns around the outbreak of COVID-19 led the U.S. central bank on Tuesday to announce an emergency cut to interest rates to a 1%-1.25% range, but investors fear that global and domestic growth will be impeded by the epidemic.
https://finance.yahoo.com/m/1c1d475...a9/10-year-treasury-note-yield.html?.tsrc=rss
