Volatility continued on July 6 in the wake of the U.K.’s Brexit vote. The pound touched $1.28, a level not seen since 1985. Yields on top tier sovereign bonds continued to drop with no end in sight, according to experts.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, hit a record low of 1.318 percent on July 6. The yield has dropped more than 35 basis points since the U.K. voted to leave the European Union, which means investors are taking risks of the table.
Some experts believe the Brexit shock could force U.S. Treasury yields below the 1 percent mark.
10-year Treasury note hit a record of 1.318 percent on July 6. Bloomberg
