U.S. 10-Year Bond Yields Dip Below 2%

U.S. Treasury 10-year bond yields fell below 2 percent Tuesday, down from 2.96 percent one year ago.

“Financial markets have started 2015 on an uncertain footing, which has spurred investors to buy more highly-rated government debt, especially US Treasuries, the global economy's default "risk-free" asset,” according to the Financial Times.

Sovereign bonds rallied globally, according to Bloomberg, “pushing yields to a record low, as tumbling oil prices damped the outlook for inflation and raised the prospect central banks will extend stimulus measures to boost growth.”

The iShares Barclays 7-10 Year Treasury Bond Fund IEF closed Monday at $107.18, up 0.61 percent.