Canada cut yield on its 10-year notes down to an all-time low of 0.86%

Coronavirus fear gripped bond markets around the globe, sending yields to record lows from Toronto to London and Sydney a day after U.S. Treasuries reached the unprecedented territory. The Bank of Canada joined the Federal Reserve with its own half-point cut on Wednesday, driving the yield on Canadian 10-year notes down to an all-time low of 0.86%. U.K. rates dropped as traders bet the Bank of England will also ease this month. Yields for short-term debt in Australia and South Korea dropped almost 10 basis points as markets priced in more central-bank reductions. Markets were responding to a volatile mix of anxiety over the virus and a rush for higher returns after yields on the 10-year U.S. Treasury, a benchmark for lending globally, got below 1% for the first time ever on Tuesday. (Bloomberg)

The yield on the benchmark 10-year Treasury note, sank more than 11 basis points to an all-time low of 0.906% on Tuesday in the wake of an emergency rate cut by the Federal Reserve to combat the economic effects of the COVID-19 outbreak. It was the first time the 10-year Treasury yield ever broke below 1%. (CNBC)

Source: Danareksa Sekuritas Debt Research
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