10-Yr Yield Closes on YTD Low Amid Flight to Safety

Yields on U.S. Treasuries declined on Thursday, with the 10-yr closing at a year-to-date low of 2.777%. The decline was tied to a flight to quality after a sell-off in emerging-market currencies intensified, said Bloomberg. The decline was triggered by weak manufacturing data out of China and accelerated after Argentine devalued its peso.

Global equity markets declined and gold advanced.

iShares 20+ Year Treasury Bond ETF (NYSE: TLT) gained 1.4%.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• 'Sell America' trade returns as Fed, yen risks mount
• Yardeni explains why the Fed should be turning more hawkish
• Canada discussing trade concessions with US to avoid new tariffs, says source