10-year Treasury yield falls below 1%

10-year Treasury yield falls below 1% for the first time after Fed slashes rates due to coronavirus

Yun Li

 

The 10-year Treasury yield broke below 1% for the first time ever in the wake of an emergency rate cut by the Federal Reserve to combat the economic effects of the spreading coronavirus.

The yield on the benchmark 10-year Treasury note fell more than 11 basis points to an all-time low of 0.906%. The yield on the 30-year Treasury bond was also at a record low of 1.601%.

 

https://www.cnbc.com/2020/03/03/treasury-yields-rise-after-stimulus-hopes-lift-risk-on-sentiment.html