The yield on Treasuries, US government bonds, fell below 2% for the first time, before recovering to 2,002%. Fears of a new recession have sparked a rush towards safe-haven assets such as gold and the Bund. But also towards US government bonds. Despite S&P's cut of US debt to AA+ from AAA, which points to a higher risk to debt solvency, investors continued to buy Treasuries heavily, driving valuations higher and yields lower.
US Treasury Bond Yields Fall Below 2%
The rate then recovered to just above the two point threshold – Despite the rating cut operated by Standard & Poor's, US government bonds continue to be considered a safe haven asset and with fear of recession investors are taking them by storm.
FIRSTonline editorial team
FIRSTonline is an independent web journal of economics, finance and stock exchange published by AL Iniziative Editoriali Srl with registered office in Rome, founded and controlled by Ernesto Auci e Franco Locatelli and owned by two minority shareholders (Alessandro Pavesi and Laura Rovizzi). The portal and its applications are created in daily life by two agile editorial offices, one in Milan and one in Milan Roma, and by an innovative and effective team of innovation and web managers.
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