US ten-year treasury yields hit record low

Likelihood of Fed rate rise fallen to 12%

US ten-year government bond yields have fallen to record lows as the market reopened after the 4 July Independence Day holiday.

The price of US treasuries has rallied following the Brexit vote, causing the yield on the instruments to drop to record low levels. Benchmark ten-year yields dropped to 1.37% yesterday afternoon, while yields on 30-year US government bonds fell to 2.13%. Treasury yields at lowest since August 2012 This is the third day in a row the yields have fallen, though the market was closed on Monday 4 July due to the Independence Day bank holiday. Meanwhile, the UK government held its first government bond sale since the EU referendum vote, ending the longest suspension of gilt sales sin...