Yesterday’s tumble in US equities fueled another leg down in Treasury yields. As the bear market in stocks rolls on, the crowd continued to rush into the safe-haven trade, pushing the 10-year yield down to 1.75% yesterday (Feb. 8)–the lowest level in about a year, based on daily data via Treasury.gov. Meanwhile, the 2-year yield—considered the most sensitive spot on the yield curve for rate expectations—tumbled to 0.66%, the lowest in nearly four months.
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Daily Archives: February 9, 2016
Initial Guidance | 9 February 2016
● Fed’s labor index falls in Jan to lowest level in 10 mos. | MarketWatch
● US Employment Trend Index increased in Jan, But at slower pace | CB
● The World’s Economy Soared Last Year (or Plunged) | NY Times
● Central banks make global economy vulnerable, says OECD adviser | Bloomberg
● India’s GDP grows 7.3% in Q4:2015, outrunning China | AP
● Japan’s Bond Yields Follow Interest Rates Into Negative Territory | NY Times
● IEA Raises Estimate of Surplus Oil Supply on Higher OPEC Output | Bloomberg