Treasuries Close Higher

The 10-year note yield dipped to 3.99% amid a surge in oil prices and a shift out of stocks

Treasury yields dove again on Wednesday, with the 10-year note nosing back under 4.0% to 3-week lows as more short-covering by the bearish majority combined potently with a litany of other positive factors with 2-weeks to go into a neck-and-neck national election, says Action Economics. A sharp rebound in oil, allocation out of stocks, a formal investigation by the SEC into Fannie Mae books and widening insurance scandal all helped fan interest in safe and secure Treasuries, says Action Economics.

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