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U.S. 30-Year Yield Drops Below 2% for First Time Since October

From bnnbloomberg.ca

The yield on the 30-year Treasury bond fell below 2% for the first time since October, extending a month-long slide driven mainly by concern about the potential economic fallout from the coronavirus epidemic that began in China and has spread to other countries. The move gained momentum following the Federal Reserve policy remarks on Wednesday. Longer-term Treasury yields have fallen even as Fed Chairman Jerome Powell signaled that the central bank would redouble efforts to spur inflation. And a key part of the yield curve -- the gap between rates on three-month and 10-year U.S. debt -- sent a recession warning by ... (full story)

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  • Category: Fundamental Analysis