"The market is responding to the ongoing stresses in Europe"
- UBS
U.S. government bond yields fell to record lows on concern the Euro bloc's debt crisis is escalating. 10–year bond yields slid to 1.44% after touching a historic low of 1.40%.
"It all goes back to Europe," said David Coard, Head of Fixed Income Sales and Trading at The Williams Capital Group in New York.
"Europe continues to be in crisis, and as long as that crisis continues there will be that flight to quality bid for Treasuries."
"The market is responding to the ongoing stresses in Europe," said Chris Ahrens, Interest Rate Strategist at UBS.
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