US 10-Year Yields Sink to Record Low on Spain
Reuters
CNBC
U.S. 10-year Treasuries rallied in Asian trading on Monday, sending yields to historic lows, as heightened fears about Spain’s ability to stave off a sovereign bailout prompted investors to seek out safe-haven fixed income assets.
Over the weekend, the Spanish region of Murcia said it would seek government financial assistance, and media reported half a dozen governments were ready to follow in the footsteps of Valencia, which said on Friday it would seek help.
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