Yields on 10-year Treasury bond fell to 1.72% as demand rose.

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It is interesting that the British 50-year bond, though successful, attracted bids equal to only 1.6 times what was on offer, compared with demand equal to three times the total when France launched its ultra-long bond earlier (though different circumstances explain some of that gap).

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Meanwhile, demand rose for the safe haven 10-year U.S. Treasury bond, pushing yields on the note down to 1.723%.

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For example, the 10-year Treasury bond yield rose 2 basis points to 2.01% yesterday, indicating falling prices on lower demand.

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