Record Low Treasury Yields Bad Sign for Savers

By Claes BellPersonal FinanceBankrate.com

It may seem strange that foreign investors buying U.S. bonds in response to a referendum in a country thousands of miles away could affect your chances of getting a decent interest rate on your savings and CDs. But, in our increasingly connected global economy, that appears to be exactly what's happening.

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The 30-year Treasury yield plunged to a record low of 2.098% today before recovering to 2.12%. And the 10-year Treasury, another important benchmark, closed below 1.4% for the first time ever on Tuesday, falling to 1.367%.