U.S. yields tumble on trade worries, political tension [Reuters]
Evercore Inc. Class A (EVR)
Last evercore inc. class a earnings: 4/22 06:00 am
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Source: Reuters
U.S. yields tumble on trade worries, political tension - Reuters 3 Min Read NEW YORK (Reuters) - U.S. Treasury yields fell on Monday, in line with the weak stock market, as trade worries and global political tensions in places such as Hong Kong and Argentina supported safe-haven assets. U.S. 30-year bond yields slid to their lowest since July 2016. U.S. long-term yields have fallen in six of the past nine sessions, reflecting investors’ diminished risk appetite. European bond yields were also lower on the day. The U.S. yield curve has also flattened significantly, suggesting mounting anxiety. The yield spread between U.S. 2-year and 10-year notes, a closely watched metric, narrowed to 5.3 basis points, the smallest difference since at least 2010, according to Refinitiv data. The bond rally was triggered by protests in Hong Kong over the weekend, which originally stemmed from opposition to a bill allowing extradition to the mainland. That crippled Hong Kong’s airport, while in Argentin
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