US 10-Year Treasury Yield Falls Below 2 Percent

The yield on benchmark 10-Year U.S. Treasury bonds fell below 2 percent on Tuesday as investors piled into safe-haven assets in the face of a weak outlook for global growth and inflation, and growing fears Greece may leave the euro zone.

It was the first time since mid-October that the 10-year yield had fallen below 2 percent while the 30-year U.S. yield fell to 2.555 percent, its lowest since July 2012.

Benchmark German and Japanese 10-year yields hit record lows of 0.484 percent and 0.287 percent, respectively.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza