Long-term Treasury rates spiraled to their least since February -- dragging the yield curve flatter -- as the spread of the delta variant sparked investor concerns over economic growth and sent global stocks lower.
The benchmark 10-year yields tumbled as much 12 basis points Monday to as little as 1.17%, the lowest since Feb. 12 and well below a 14-month high of 1.77% reached in March. The 30-year rate sank by a similar amount to 1.80%, the least since Jan. 29. The resurgence of the deadly virus induced investors to dial back risk taking amid speculation of a fresh wave of lock-downs crimping economic activity.
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July 19, 2021 at 08:44PM
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Long-Term Treasury Yields Plunge as Investors Rethink Growth - Bloomberg
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