Coronavirus fears caused the yield on the benchmark 10-year U.S. Treasury Note to fall to an all-time low of 1.322 percent on Tuesday. Treasury yields, which fall when bond prices rise, tumbled on Monday and resumed their slide in Tuesday’s trading session. The yield is also a key barometer for the U.S. economy. Federal Reserve officials have said it’s too soon to know how the fallout from the coronavirus will impact the U.S. economy and whether it would force a return to interest-rate cuts later this year.
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.