U.S. 10-Year Treasury Yield Falls Below 5% as Investors Seek Safety
The 10-year U.S. Treasury yield fell below 5% for the first time in a month as a global bond selloff gave way to a flight for safety. Concerns over France's budget deficit and the potential impact of rising oil prices on consumption and growth were cited.
The 10-year U.S. Treasury yield dropped below 5% for the first time in a month, as a global bond selloff turned into a flight to safety. Investors were concerned about France’s large budget deficit and the possibility that higher oil prices could curb consumption and economic growth.