Friday, July 1, 2016

US Treasuries at Historic Low

The US Treasury 10 year note just hit an all time intraday low. So far it has traded as low as 1.3878% according to data on bigcharts.com.  The previous low was set in July 2012 at 1.389%.  The demand for safe havens continues in the Brexit aftermath.  I don't think this uncertainty is so much about Britain as it is about the rest of the continent.

I highlighted a few weeks ago that German 10 year yields were negative, and continue to be so today. Additionally France, UK, Italy, and Spain have all seen their 10 year yields trade to historic lows this week.

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