10-YEAR TREASURY YIELD HITS RECORD LOW
The yield on the 10-year U.S. government bond hit a fresh record low Tuesday as investors scamper to safety in the post-Brexit world and chase higher yields in a low-yield market.The 10-year Treasury note fell as low as 1.357% Tuesday, eclipsing its prior intra-day low from Friday and finished at 1.37% to take out its record closing yield of 1.3875% back on July 24, 2012, according to Tradeweb. Investors, concerned about the economic outlook around the world, have been flocking to the perceived safety of government bonds issued by developed economies, such as the U.S., Germany and Japan. On Tuesday, the benchmark 10-year government bonds in the U.S., Germany, United Kingdom and Japan hit record lows, Tradeweb says. Yields in Germany and Japan are negative.