Ten-Year Treasury Yields Hold Near Lowest Since May on Demand for Safety

(Bloomberg) -- U.S. 10-year Treasury yields held
near the lowest since May as stock declines fed demand for the
relative safety of government debt.

Yields may fall for a second day on expectations a slump in
the housing market will curb demand for riskier assets. Treasury
rates mostly moved in the same direction as U.S. shares in the
last two weeks of July. The 10-year yield and the Standard &
Poor's 500 Index had a correlation of 0.85 in the last two weeks.
A figure of 1 would indicate they moved in lockstep.


Read more at Bloomberg Bonds News