The rally in U.S. government bonds broke fresh ground, with the yield on the benchmark 10-year debt dropping to as low as 1.031%
By midmorning Hong Kong time Monday, the yield on the 10-year Treasury was 1.051%.
That was significantly lower that its record-low settling price from Friday, of 1.127%. The recent rally reflects investors’ intense demand for safer assets and escalating bets that the Federal Reserve will move quickly to cut interest...
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