Economics
Treasury Yields Slide to Two-Year Low Amid Bets on Global Easing
- Signs of future stimulus are driving yields lower, Mizuho says
- Japanese bonds join rally even as BOJ cuts debt purchases
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Treasury 10-year yields dropped to the lowest level in more than two years amid prospects for additional global monetary easing.
U.S. notes rallied as investors sought havens before a raft of data in coming days including June payrolls, and the market’s closure for the July 4 holiday. Bonds have gained around the world after Bank of England Governor Mark Carney on Tuesday warned of downside risks to growth and as Christine Lagarde’s nomination for European Central Bank president was seen bolstering the chances of further quantitative easing.