10-year yields fall to 1.95% amid savings tax in Cyprus

U.S. Treasuries increased on Monday pushing 10-year note yields below 2 percentage points after the euro-area finance ministers made an agreement on financing a 10 billion bailout program for Cyprus by taxing bank savings in the country. The U.S. 10-year note yields dropped 0.04% to 1.95% earlier on Monday session in New York, whereas Treasuries have fallen 0.9% so far this year.