Long-dated U.S. Treasury yields fell on Wednesday as investors fretted over the fragility of the U.S. economic recovery which has led investors to expect the Federal Reserve will keep interest rates at rock-bottom for an extended period.
What are Treasurys doing?
The 10-year Treasury note yield TMUBMUSD10Y, 0.659% fell 2.2 basis points to 0.650%, while the 2-year note rate TMUBMUSD02Y, 0.136% was up 0.4 basis point to 0.135%. The 30-year bond yield TMUBMUSD30Y, 1.383% slumped 5 basis points to 1.375%. Bond prices move inversely to yields.