The 10-Year Treasury Yield Is Tanking
May 28, 2014, 19:41 IST
The yield on the 10-year U.S. Treasury note has tumbled to 2.4555%, a new low for 2014.
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We've previously discussed all the factors that have led to the recent bond rally: fears that the European Central Bank will lower interest rates, making Europe's bonds relatively less appealing; overseas demand for U.S. debt; and short covering among those who thought yields would rise.
Here's the chart:
