The yield on the benchmark 10-year Treasury notched its largest single-day decline in a month after a steep fall in technology stocks pushed investors to the safety of government bonds.
The yield on the benchmark 10-year note closed at 0.682%, down from 0.720% Friday—its largest single-session decline since Aug. 4. The yield on the 30-year-bond also slid, settling at 1.421%, from 1.468% last week. Yields fall when bond prices rise.
A Global Asset Management Seoul Korea Magazine