US Treasury yields dropped sharply on Friday, with short-dated notes experiencing their largest one-day decline since January. The move was sparked by a fresh batch of economic data that raised questions about the strength of the US economy.
The yield on 2-year Treasury notes fell to its lowest level in months, while the 10-year and 30-year Treasury yields also dropped significantly. This is partly due to concerns about the health of the US economy, which has been causing a selloff in stocks.
Investors are scrambling for safety in the bond market, seeking refuge from the economic uncertainty. The drop in Treasury yields is a sign of this shift, as investors become more cautious and seek higher returns to compensate for the risk.
As the situation unfolds, it’s essential to keep an eye on the economic data and its impact on the markets. Stay tuned for further updates and analysis from our team of experts.
Source: https://www.marketwatch.com/story/treasury-yields-slip-ahead-of-latest-batch-of-economic-data-912a97d7