Yield on 10-Year U.S. Treasury Note Hits Record Low
The yield on the benchmark 10-year U.S. Treasury note fell to an all-time low Tuesday as stocks swooned for a second straight day, driven by worries the coronavirus could seriously disrupt an already sluggish global economy.
The fall in yields marked the latest milestone in a decadeslong bond rally driven by persistently low inflation. After hovering between 1.5% and 2% for months, the 10-year yield was pushed sharply lower by reports the coronavirus was spreading outside China. The Centers for Disease Control and Prevention…