US Treasury drops to historical minimum

US Treasury drops to historical minimum
# 01 June 2012 08:28 (UTC +04:00)
Baku - APA-Economics. Some of the world’s biggest money managers, including PIMCO and Vanguard, have profited handsomely from the surprisingly steady drop in U.S. Treasury bond yields, Reuters reported.

On Thursday, benchmark 10-year Treasuries yields fell to a historic low of 1.5326 percent, according to Tradeweb. The previous low was in November 1945 when yields ended that month at 1.55 percent.

Thirty-year Treasury bond yields briefly touched the lowest level since December 2008. The long bonds set a record low yield of 2.52 percent on Dec. 19, 2008.

It’s become sport to declare the 30-year bull market in bonds over, and yet interest rates continue to fall in the United States and in other countries recognized as "safe havens," including Germany, the Netherlands, Japan and Switzerland.

Even the most astute players of the bond market have been blindsided by moves in Treasuries.
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