U.S. government bond yields continued to fall to new lows Wednesday, reflecting bets that the Federal Reserve could slash interest rates further at its March 17-18 meeting after its emergency rate cut on Tuesday.
The yield on the benchmark 10-year U.S. Treasury note settled at 0.994%, according to Tradeweb. That was down from Tuesday’s then-record low close of 1.005%, though up from the record intraday low of 0.914% set earlier that day.
Read more: Wall Street Journal.
