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11 Feb 2016
Treasury yields slide, 10-yr UK gilt yield hit record low on flight to safety
The flight to safety amid risk-off and falling Fed and BOE rate hike bets pushed the treasury yields lower.
The UK Gilt yields dropped as well, with the benchmark 10-yr yield hitting record low of 1.320%. Across the pond, the 10-yr treasury yield fell to 1.625%; the lowest since May 2013.
Banking stocks across Europe tanked, driving the major index lower by at least 3%. The investors, running for cover, are pouring their money into traditional safe havens like government bonds, Gold and Japanese Yen.
The UK Gilt yields dropped as well, with the benchmark 10-yr yield hitting record low of 1.320%. Across the pond, the 10-yr treasury yield fell to 1.625%; the lowest since May 2013.
Banking stocks across Europe tanked, driving the major index lower by at least 3%. The investors, running for cover, are pouring their money into traditional safe havens like government bonds, Gold and Japanese Yen.