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Treasuries, Yen Rally After Pelosi Launches Impeachment Inquiry

  • 10-year Treasury note yield drops to lowest in two weeks
  • Senate Republicans unlikely to ‘abandon’ Trump: CIBC’s Rai
Updated on

Haven assets rallied after House Speaker Nancy Pelosi said the chamber is opening a formal impeachment inquiry of President Donald Trump.

Benchmark 10-year Treasury yields dropped as low as 1.63%, the lowest since Sept. 10, and the yen strengthened as much as 0.6% to a daily high of about 107 per dollar as investors sought shelter. The S&P 500 Index fell 0.8%.