Last edited Mon Jun 27, 2016, 08:59 PM - Edit history (1)
[font face = courier new]
1.46 - 1.73
------------ X 100% = -15.6%
` ` 1.73 [/font]
Link to graph: 10 year note - last 5 days
Notice the sudden steep plunge Thursday afternoon U.S. time, when the Brexit vote results were becoming apparent.
If above link doesn't work, try copying and pasting the below into your browser's address bar (all of it, not just what got blue underlined):
http://finance.yahoo.com/echarts?s=%5ETNX+Interactive#{"range":"5d","allowChartStacking":true}
(Of course, that means the market value of the Treasury 10 year note rose by about the same amount -- no doubt as a result of a flight to safety.)
And I have a 4 year CD, $14,000, renewing in a week. Sigh. I bet the renewal rate will be pathetic. Again.
[hr]
http://www.marketwatch.com/story/uk-government-bond-yields-hit-record-lows-fall-below-1-2016-06-27
U.S. Treasury prices soared and yields plunged to four-year lows as investors continued to seek haven assets in the wake of Britain’s vote to leave the European Union last week.
The benchmark 10-year Treasury yield hit an intraday low at 1.45% after the S&P 500 downgraded U.K.’s credit rating to AA, from AAA, saying the event “will lead to a less-predictable, stable, and effective policy framework in the U.K.”
The selloff in equities follows Friday’s rout, when global equity markets lost more than $2 trillion in value after the U.K. voted in favor of ending its membership in the European Union
“There will be a knock-on effect on other (European countries) and this time there are no circuit breakers—rates are already at or below zero and no political will for fiscal stimulus. This kind of uncertainty is driving a risk-off mode,” Tipp said.
The yield on the 2-year Treasury TMUBMUSD02Y, -0.65% lost 4.7 basis points 0.605%, its lowest level since October 2015.
Meanwhile, the 30-year yield TMUBMUSD30Y, -0.06% known as the long bond, fell 14.7 basis points 2.279% from 2.426%, according to FactSet.
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