Dow climbs 300 points as bond yields jump from historic lows

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Dow climbs 300 points as bond yields jump from historic lows
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Dow climbs 300 points as bond yields jump from historic lows.

The U.S. 30-year Treasury yield dropped to a record low on Thursday, while the yield on the benchmark 10-year notes dipped to a three-year low, as investors sought out safe-haven assets.

The Dow lost 800 points, or 3 percent, on Wednesday after the yield on the benchmark 10-year Treasury note briefly broke below the 2-year rate. The inversion of this key part of the yield curve has been a reliable indicator of economic recessions. That part of the curve is no longer inverted Friday.

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