10-year Treasury yield falls most in six months after stocks plummet
Treasury yields slumped on Thursday after investors rushed into government paper in haven-related buying as U.S. stocks fell sharply. The 10-year Treasury note yield fell 6.7 basis points to 2.802%, marking the largest one-day fall since Sept. 5, according to WSJ Market Data Group. The 2-year note yield slipped 5.6 basis points to 2.206%, the biggest one-day dip in three weeks. The 30-year bond yield declined 4.6 basis points to 3.084%. Stocks came under pressure after President Donald Trump slapped tariffs on steel and aluminum imports. Bond yields fall when prices rise.
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