U.S. Real Yields Fall to Record Low Amid Growth Concerns By Bloomberg
(Bloomberg) -- The real yield on U.S. 10-year debt fell to a record low as concerns mounted over the outlook for economic growth. The rate, which strips out inflation, fell almost six basis points to minus -1.269%. The move was compounded by a lack of trading liquidity, with the 10-year breakeven rate -- a market proxy for the average annual rate of consumer prices over the next decade -- edging higher at 2.36%. Still, it points to souring investor sentiment amid the rapid spread of the delta variant that threatens to derail the economic recovery. And...
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