5/31/2019, 10:01 AM (Source: TeleTrader)
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US 30-year yield at lowest since November 2016

Traders opted on Friday to seek safety in the long-term government debt of the highest quality. Germany's Bunds jumped, knocking yields down to or near records, while the rate for 30-year bonds issued by the Department of the Treasury in Washington touched 2.604% for the first time since November 7, 2016.

The turbulence in the markets was spurred by the decision of United States President Donald Trump to roll out tariffs for Mexican goods, expanding the dispute over illegal immigration to the trade front. Global economic growth has been slowing amid a group of factors and risks including Brexit and the failed bilateral talks between the US and China.

The two-year note yield sunk 4.5 basis points at 3:58 am ET to 2.016%. The 10-year benchmark fell 4.6 points to 2.171% after touching 2.169%, unseen since September 12, 2017. The yield on the 30-year bonds dipped 3.4 points to 2.61%. Corresponding futures jumped 0.08%, 0.27% and 0.37%, respectively. Germany's ten-year rate dropped 2.2 points to a negative 0.193% and the futures prices were up by 0.11%.

Baha Breaking News (BBN) / IT