Economics

Treasury 30-Year Yield Closes In On All-Time Low

U.S. long-bond rate fell as much as 11 basis points to 2.12%
Moves come ahead of 30-year securities auction on Thursday

HSBC's Steven Major on US Treasuries and Bund Yields

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By Ben Purvis and Liz Capo McCormick

August 7, 2019 at 11:45 AM UTC

Updated on

August 7, 2019 at 1:49 PM UTC

This article is for subscribers only.

U.S. 30-year yields are closing in on their lowest level ever as concern grows about the impact of the escalating trade war on global economic growth and as policy makers around the world step in to provide support.

Dovish actions by central banks from New Zealand to India on Wednesday added fuel to the rally in bonds, dragging the yield on 30-year U.S. debt down by as much as 11 basis points to 2.12%. That’s close to the all-time low of 2.0882% reached in July 2016.