Treasury Yields Confront ‘Key Psychological’ 1.7% Level: Chart

The yield on the benchmark U.S. 10-year Treasury note fell to about 1.7 percent Wednesday, which has proven a “key psychological level” during the past few months, said Gennadiy Goldberg, an interest-rate strategist in New York at TD Securities LLC, one of the 23 primary dealers. In the most recent attempts to break below 1.7 percent, in June and May, the note didn’t close below that level. So holding below it “would confirm that with global yields continuing to decline, investors may be prepared to accept ever-lower returns on Treasuries,” Goldberg said.

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