Yields on 10-year and 30-year U.S. Treasury bonds fell to all-time lows Friday as investors sought out the safety of U.S. government debt. The yield on the 10-year note fell 11.4 basis points to 1.378%, while the 30-year yield fell 11.1 basis points to 2.187%. Yields have crept higher since reaching their lows earlier this morning, with the 10-year rising to 1.424% in recent trade, and the 30-year rising to 2.215%. On Thursday, yields notched their second straight quarterly decline, as worries about the repercussions of the U.K.'s vote to leave the European Union drove up government-bond prices. Bond prices move inversely to yields. Negative-yielding debt in Europe and Japan has also helped stoke demand for Treasurys as foreign investors seek out the relatively high yields in the U.S. Finally, the expectation that the Federal Reserve might wait until next year to raise interest rates again has also helped support Treasurys.
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