Curve Watchers Anonymous is noting a record low yield on 10-Year US Treasury Notes.

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The above chart shows the monthly close except for the current month. 

$IRX 3-month discount rate : Brown
$FVX 5-year treasury yield : Blue
$TNX 10-year treasury yield : Orange
$TYX 30-year treasury yield : Green

CNBC reports US 10-Year Treasury Yield Hits Record Low of 1.62%

The benchmark U.S. Treasury yield fell to its lowest level in at least 60 years on Wednesday as worries of contagion from Spain’s ailing banks raised bids for low-risk investments.

Yields on 10-year notes sank to a record low of 1.62 percent, down sharply from 1.73 percent in late U.S trading on Tuesday.

The 30-year bond yield fell to 2.71 percent, its lowest level since October, and down from a yield of 2.84 percent in late U.S. trade on Tuesday.

Spain Record High Spread to Germany

Spain 10-year bond yield hit 6.7%, a record spread vs. Germany, before settling at 6.66%.

Italy 10-year bond yield hit 6.01% then settled at 5.93%.

Yield on the 10-year German bond hit a record low of 1.27%.

 Mike “Mish” Shedlock
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