Yields fall on US Treasury bonds

Yields on US Treasury bonds were lower and prices rose as investors exited risky investments as global equities markets declined sharply.

Besides the drop in equities, investors were also concerned by new data showing new home sales in the US down steeply in June.

Two-year Treasury bond yields dropped from 4.74 percent late Wednesday to 4.55 percent on the day.

Ten-year issues were yielding 4.78 percent, their lowest since mid-May and down from Wednesday’s late quote of 4.9 percent, while thirty-year paper yielded 4.96 percent.

A sale of $13 billion in five-year Treasuries, with a yield of 4.64 percent, only brought lukewarm interest.

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