Treasury yields dropped on Thursday as rising fears of a second wave of the virus and a cautious economic outlook from the Federal Reserve drove investors to safe-haven bonds. The yield on the benchmark 10-year Treasury note plunged 6 basis points to 0.681%, hitting the lowest level since June 3. The yield on the 30-year bond fell 7 basis points to 1.440%. Yields move inversely to prices. The coronavirus pandemic remains on investors’ radar, with confirmed infections in the U.S. now exceeding 2 million and several areas of the country reporting spikes following the reopening of their economies.
(Read more: CNBC – Bonds)
