US government borrows at record-low rates as yield falls in global rally for Treasuries amid coronavirus outbreak

Published: 14/02/2020
US government borrows at record-low rates as yield falls in global rally for Treasuries amid coronavirus outbreak
Source: WWW.SCMP.COM

The US government’s sale of 30-year bonds Thursday drew a record low yield of 2.061 per cent after the Treasury rally spurred by the spread of the Wuhan coronavirus in China and around the world helped drive rates across the curve to multi-month lows.The previous all-time low for a 30-year sale was 2.17 per cent in October. The auction fared better than expected, as trading in the minutes before t

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