10-year Treasury Yield Falls Below 2%

MarketWatch Pulse

The 10-year Treasury yield fell below 2% Tuesday for the first time since May 2013, as the continuing decline in oil prices pushes investors into the perceived safety of the Treasury market. The 10-year Treasury yield was down 4.7 basis points to 1.990%, according to data from Tradeweb. Nymex crude-oil futures traded at $49.18 a barrel, after falling below $50 a barrel in Monday's session. Asian stock indexes were broadly lower Tuesday, with the Nikkei down 3% and the Hang Seng Index down 1%, giving an added boost to U.S. Treasurys. Treasury yields move inversely to prices.

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