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U.S. Yields Fall to Record as BlackRock, Vanguard See More Gains


  • Yields have been plunging to all-time lows around the world
  • El-Erian says 10-year yield can fall to 1.25% ‘quite easliy’

Yields on 10- and 30-year U.S. Treasuries fell to record lows, defying forecasters who for years have said they would rise, amid signs that Britain’s vote to leave the European Union will curb global economic growth and prevent the Federal Reserve from raising interest rates this year.

Just days before America’s 240th birthday, the U.S. 30-year bond yield dropped as much as 10 basis points to an unprecedented 2.1873 percent, while benchmark 10-year yields touched 1.3784 percent. They joined a rally in bonds around the globe as some of the world’s biggest investors, including BlackRock Inc., Guggenheim Partners and Vanguard Group Inc., said the Brexit vote means subdued growth and lower yields for years to come.  Read More….