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 ongoing flight to safety pushed the yield on the benchmark 10-yr treasury note to its 12-month/1-year low.

(Market News Provided by FXstreet)