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