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US 30-Year Treasury Yield Falls Below 2 Percent for First Time Ever

US 30-Year Treasury Yield Falls Below 2 Percent for First Time Ever

Wednesday, 14 August 2019 10:07 PM

The U.S. Treasury 30-year bond yield slumped below 2% for the first time on Thursday as fears of a global recession gripped financial markets and drove investors towards the safety of government debt.

The 30-year yield extended its sharp overnight slide and hit a record low 1.991% in Asian trade. The fall below the 2% threshold has taken the entire Treasury yield curve below official interest rates.

The two-year/10-year Treasury yield curve inverted for the first time in 12 years on Wednesday. The inversion, which has historically signaled a looming recession, triggered extensive flight-to-safety into government securities, exacerbating the fall in bond yields.

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The U.S. Treasury 30-year bond yield slumped below 2% for the first time on Thursday as fears of a global recession gripped financial markets and drove investors towards the safety of government debt.The 30-year yield extended its sharp overnight slide and hit a record low...
treasury, yield, falls, below, 2 percent
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2019-07-14
Wednesday, 14 August 2019 10:07 PM
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