US treasury yields drop to 12-month lows on Iraq crisis

clock

US treasury yields have fallen to their lowest level since last summer as concerns over Iraq and Ukraine spur a fresh flight to safety.

The 10-year treasury yield dropped to 2.4% in US trading yesterday, its lowest level since the 2.3% reached last June, and fell again overnight to 2.36%. That followed news that President Obama had authorised airstrikes against militants in Iraq, and continued tensions over Russian actions in Ukraine. Russia imposed a wide-ranging set of restrictions on food imports from selected Western nations yesterday in response to US and EU sanctions over the Ukraine crisis. Benchmark US treasury yields have confounded expectations this year, having been expected to rise from a starting level...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Trustpilot