Trade tensions, global growth fears and expectations for policy easing have all combined to bring the all-important 10-year Treasury yield to a nearly 1 ½-year low — again.
The bond-market rally has driven the 10-year Treasury note rate TMUBMUSD10Y, -0.96% down to 2.35% on Thursday, which represents the lowest level since Dec. 2017, based on Tradeweb data. Since last week, this is the second time the long-dated maturity has fallen to an 18-month low. Bond prices move in the opposite direction of yields.
