German Bund, Treasury Yields Tumble To Nearly 9-month Low

Eurozone government bond yields plummeted Thursday after European Central Bank President Mario Draghi signaled that the ECB might authorize additional monetary easing measures at its March meeting. Treasury yields declined in sympathy, falling to a nearly nine-month low. The yield on the 10-year German bond, known as the bund, tumbled 4 basis points to 0.377%, its lowest level in nearly nine months. The yield on the 10-year Treasury yield, the U.S. Treasury market's benchmark, tumbled 2 basis points to 1.965%, also a nearly nine-month low. Bond yields fall when prices rise and vice versa.