Treasury Prices Surge Amid Global Growth Concerns

MarketWatch Pulse

Treasury prices jumped Tuesday, sending yields sharply lower as bond traders fretted about the pace of global growth. Those concerns heightened after a measure of German economic sentiment turned negative for the first time in nearly two years and the German government slashed its growth forecasts for 2014 and 2015. The 10-year U.S. Treasury note yield, which falls as prices rise, was down 11 basis points on the day at 2.194%, according to Tradeweb. The 5-year note yield sank 12.5 basis points to 1.432%. The 10-year German bond fell 5 basis points to 0.842%, on track to close at a fresh record low.

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