Bond Report: 10-year Treasury yields fall toward post-election lows as North Korea tensions rise

U.S. Treasury prices rose on Tuesday, driving yields to their lowest levels since late 2016 as renewed market fears following a North Korean missile test stoked a flight into assets perceived as havens.

The yield on the 10-year Treasury note TMUBMUSD10Y, -0.97% hit as low as 2.09% early Tuesday but came off lows to settle 2.4 basis points lower at 2.134%. That’s the lowest since Nov. 9, according to FactSet data. That was just a day after Donald Trump’s presidential election victory sparked a Treasury selloff that sent yields soaring.

Bond prices and yields move inversely.

The yield on the 10-year Treasury bond recovered somewhat by the afternoon as the U.S.

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