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Banking, Economy

“10-year Treasury yield falls to three-year low… 30-year rate hits record low”

“The 10-year Treasury yield hit its lowest level since July 2016. The 30-year Treasury yield hit a record low. The move into bonds came as stocks plunged with the Dow down more than 1,000 points.

The yield on the benchmark 10-year Treasury note, which moves inversely to price, plunged 11 basis points to 1.3563%. The 10-year yield reached an intraday all-time low of 1.325% on July 6, 2016.

The yield on the 30-year Treasury bond plummeted to 1.8142%. Meanwhile, 2-year yield hit a low of 1.243% on Monday, its lowest level since May 2017…”

https://www.cnbc.com/2020/02/24/treasury-yields-plunge-amid-escalating-global-coronavirus-fears.html

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