U.S. Treasuries Shatter Historical Norms With 1% Yield in Reach

“Japanification” of U.S. bond market risks becoming a reality
10-year yield has potential to sink past record low of 1.318%

A pedestrian passes in front of the closed U.S. Treasury building in Washington D.C.
Photographer: Julia Schmalz/Bloomberg

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By Liz Capo McCormick

August 13, 2019 at 11:00 AM UTC

This article is for subscribers only.

Wall Street is now wondering just how low bond yields can go.

Historical norms, of course, suggest the chances of a 1% yield on 10-year Treasuries are still vanishingly slim. But to the likes of Bank of America’s Bruno Braizinha, it’s clear these aren’t normal times.