US shares open 1.2% down; Treasury yields at lowest since August 2012
Bank shares down more than 8%
US stockmarkets have followed their European counterparts lower, with major indices falling 1.2% at the start of the trading session.
Yields on benchmark US 10-year treasuries fell by 7.3 basis points to 1.487%, which is their lowest level since August 2012. The rush for safe havens also saw 10-year gilt yields drop below 1% for the...
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