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8 Feb 2016
US 10-yr treasury yield hit one-year low
FXStreet (Mumbai) - The ongoing flight to safety pushed the yield on the benchmark 10-yr treasury note to its 12-month/1-year low.
The yield hit a low of 1.786%, before recovering slightly to 1.8%; down more than 5 basis points on the day. Meanwhile, the yield on the 2-yr treasury, which mimics rate hike bets, fell 4 basis points to 0.686%.
The markets began the week on a sour note as investors are worried about the health of the US economy, following the horribly weak US non-farm payrolls released on Friday.
The yield hit a low of 1.786%, before recovering slightly to 1.8%; down more than 5 basis points on the day. Meanwhile, the yield on the 2-yr treasury, which mimics rate hike bets, fell 4 basis points to 0.686%.
The markets began the week on a sour note as investors are worried about the health of the US economy, following the horribly weak US non-farm payrolls released on Friday.