Record Low U.S. Treasury Yield In Sight as Global Slowdown Seen
- Japan 10-year yield falls to 0.045%, lowest ever among G-7
- Yield on global sovereign bond index drops to 12-month low
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Treasury benchmark yields fell to within half a percentage point of an all-time low as interest rates plunged around the world, raising concern the move foreshadows a global economic slowdown.
U.S. 10-year yields, used to set borrowing costs on everything from home mortgages to corporate bonds, dropped to as low as 1.83 percent Wednesday. They slid to a record 1.379 percent in July 2012. The yield on a Bank of America Corp. index of sovereign bond slipped to 1.36 percent this week, extending its decline to levels not seen in a year.