• 2 months ago
Treasury yields dropped on Monday as investors sought safer assets amid a global stock market sell-off due to concerns that a US recession may take hold soon. The yield on the 10-year Treasury fell to its lowest level since July 2023, hitting more than 3%. The 2-year Treasury yield also declined. Weaker-than-expected US jobs data on Friday, showing only 114,000 jobs added in July, fueled recession fears. The unemployment rate also unexpectedly rose.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02Treasury yields dropped on Monday as investors sought safer assets amid a global stock market
00:07sell-off due to concerns that a U.S. recession may take hold soon. The yield on the 10-year
00:12Treasury fell to its lowest level since July 2023, hitting more than 3%. The 2-year Treasury
00:18yield also declined. Weaker-than-expected U.S. jobs data on Friday showing only 114,000 jobs
00:24added in July fueled recession fears. The unemployment rate also unexpectedly rose.
00:28For all things money, visit Benzinga.com.

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