Treasury prices soared Thursday, pushing yields to their lowest level since Feb. 11, amid a global sovereign-bond rally that also pushed European bond yields to record lows. The yield on the 10-year note , the Treasury market's benchmark, lost 3.6 basis points to 1.673%, its lowest level since Feb. 11, according to Tradeweb. Meanwhile, the yield on the two-year Treasury was down 1.6 basis point at 0.767%, its lowest level since May 13 , and the 30-year yield lost 3.9 basis points to 2.476%. Bond yields fall when prices rise and vice versa.
Continue Reading Below
Copyright © 2016 MarketWatch, Inc.