The historic drop in long-term U.S. bond yields comes shortly after the closely-watched 10-year Treasury note and the 2-year inverted.
plunging 800 points in its fourth-largest point drop ever to a two-month low. The sell-off exacerbated an extensive flight-to-safety into government securities.
At times of market turbulence, investors tend to flee to assets expected to either retain or increase in value — such as gold, the Japanese yen and government bonds. These safe-haven assets are typically sought to limit one's exposure to losses in the event of a sharp market downturn.It comes at a time when market participants are worried about a protracted U.S.-China trade war, geopolitical tensions and uncertainty overStateside, investors are likely to closely monitor U.S.
The latest weekly jobless claims, industrial production data for July and business inventories for June are among some of the other data releases set to follow slightly later in the session. The U.S. Treasury is set to auction $55 billion in 4-week bills and $40 billion in 8-week bills on Thursday.
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