Monday, March 03, 2025 | 09:49 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Yield on 10-year US Treasury bond falls below 1% for 1st time

Image

AFP New York

The yield on the 10-year US Treasury bond sank below one per cent for the first time on Tuesday as investors sought secure assets amid fears the coronavirus will cause a recession.

The drop in yield came after the Federal Reserve surprised markets by cutting interest rates in order to boost the economy.

Treasury bonds are among the refuge-type assets that tend to attract buyers during periods of uncertainty.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 04 2020 | 12:48 AM IST

Explore News