Global Stock Market Crash Sparks Treasury Yield Drop to July Lows π
Amid widespread sell-offs and recession fears, Treasury yields hit their lowest since July 2023 as investors flock to safe-haven assets. Learn what this means for your investments.
Benzinga
404 views β’ Aug 5, 2024
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Treasury yields dropped on Monday as investors sought safer assets amid a global stock market sell-off due to concerns that a US recession may take hold soon. The yield on the 10-year Treasury fell to its lowest level since July 2023, hitting more than 3%. The 2-year Treasury yield also declined. Weaker-than-expected US jobs data on Friday, showing only 114,000 jobs added in July, fueled recession fears. The unemployment rate also unexpectedly rose.
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404
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0:32
Published
Aug 5, 2024
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