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Bond Report: Treasury yields slip as North Korea triggers demand for havens

Treasury prices rose, pulling yields lower, on Tuesday after North Korean tested a nuclear bomb over the weekend, spurring investors to shift to government paper and other assets seen as havens.

The 10-year benchmark Treasury yield TMUBMUSD10Y, -3.29% plunged close to 6 basis points to 2.110%. The 30-year bond yield TMUBMUSD30Y, -2.35% dropped 5 basis points to 2.730%, while the 2-year note yield TMUBMUSD02Y, -3.27% shed 4 basis points to 1.306%.

Treasury yields, which move inversely to bond prices, fell in the first U.S. trading session since tensions heated up in North Korea over the weekend.

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