Treasury Yields Touch 2017 Lows on Trump’s Dollar View
- Gains leave 10-year note yield close to 50-day average
- Trump says dollar, rallying since election, is ‘too strong’
Inside the Dollar's Weakest Day Since July 29th
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Treasuries held most of the gains that pushed yields to the lowest levels since at least December, after President-elect Donald Trump’s comment that the dollar is already too strong sent the greenback plunging.
The benchmark 10-year yield fell seven basis points to 2.32 percent at 4:24 p.m. in New York, according to Bloomberg Bond Trader data, near its 50-day moving average, which it hasn’t closed below since September. It touched 2.3036 percent, the lowest since Nov. 30, with the Bloomberg Dollar Spot Index headed for its biggest decline since July. Treasuries led gains globally, with bonds advancing in a majority of the 25 developed markets tracked by Bloomberg.