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Treasury Yield Plumbs 10-Month Low to Close Out a Turbulent 2018

  • 10-year dips as low as 2.68%, lowest level since February
  • Traders find value at long end of curve amid soft oil prices
Why Treasuries Can't Be a Weapon in a Trade War: Andy Mukherjee

Photographer: Andrew Harrer/Bloomberg

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Bond traders still clinging to their desks in the final session of 2018 drove Treasury yields to multi-month lows across the curve.

The 10-year yield fell as low as 2.68 percent Monday, a level last seen in the teeth of February’s volatility spike. The benchmark rate has been on a sliding trend for most of the fourth quarter, spurred by an equity-market sell-off that at one point left the S&P 500 index almost 20 percent below its record.