Treasury Rates’ ‘Amazing’ Slide Continues
(CNN) — Treasury prices rallied Tuesday and yields touched recent lows as confidence in the global economy sank and investors flocked to the safety of the bond market. The overall fear in the marketplace has fueled Treasury prices and significantly pressured yields over the past month. While the 10-year yield was about 4% a month ago, it is now hovering near 3%, signaling a plunge in risk appetite.
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