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28.02.2020 10:30:30

Government bonds see huge rally as investors look to safety

Government bonds drew a huge bid on Friday, sending yields further into record-setting lows. The yield on the U.S. 2-year Treasury note dropped 13 basis points to 0.97%, while the yield on the 10-year Treasury bond dropped 13 basis points to 1.17%. The yield on the German 10-year bund dropped 9 basis points and the yield on the 10-year U.K. gilt fell 6 basis points. Yields move in the opposite direction to prices. The U.S. dollar meanwhile dropped sharply against the Japanese yen as it also fell vs. the euro .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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