Trade War’s Hammerlock on Bond Market Puts Lower Yields in Sight
- 10-year Treasury yield seen testing 2019 low of 2.34%
- Wall Street forecast of 2.7% at year-end may be in doubt
Photographer: Scott Eells/Bloomberg
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Benchmark Treasuries enter the coming week with yields plumbing their 2019 lows, leaving bond bulls emboldened as the standoff between the U.S. and China drags on.
With a trade deal between the world’s two largest economies moving further out of view just as global economic growth is ebbing, and political angst building in Europe, Treasuries are exerting a magnetic pull for investors seeking safety.