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Treasury yields hit by risk aversion

FXStreet (Mumbai) - The European equity markets declined sending investors running for cover in traditional safe haven assets including US treasuries.

Long duration yields lead losses

The yield on the 10-year treasury note in the US fell four basis points to 2.173%. The 30-yr yield also declined by four basis points. On the short-end of the curve, the 2-yr yield fell one basis points to 0.702%.

The pan-European Euro Stoxx 600 index fell more than 2%, dragging the Dow futures lower by more than 200 points.

The declining energy prices and metal prices push inflation expectations lower and also weighing over the yields.

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