The yield on the 10-year Treasury noted slumped 5 basis points today to 2.5971%. It’s the lowest since February and a close here would be the second-lowest of the year.
US 10 year yields
The last time 10-year yields were here, USD/JPY was trading in the 100.75-101.40 range and the S&P 500 was at least 40 points lower.
Even worse is the long end of the curve. 30-year bond yields are down 5.5 bps to 3.40% — the lowest since June 2013.
