U.S. Treasury yields fell on Monday, in line with the weak stock market, as trad...
NEW YORK - U.S. Treasury yields fell on Monday, in line with the weak stock market, as trade worries and global political tensions in places such as Hong Kong and Argentina supported safe-haven assets.
The bond rally was triggered by protests in Hong Kong over the weekend, which originally stemmed from opposition to a bill allowing extradition to the mainland. That crippled Hong Kong’s airport, while in Argentina the defeat of President Mauricio Macri during primary elections added to global stress.
Italy also had political problems after the League party last week filed a no-confidence motion against its own governing coalition. The party’s populist chief Matteo Salvini hopes that the motion move will trigger early elections and have him installed as the new leader.to break through the key 7-per-dollar level for the first time since 2008, prompting Washington to label Beijing a currency manipulator and sparking market turmoil.
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