2-year Treasury note on pace for sharpest daily yield drop since Brexit

The 2-year Treasury yield tumbled 7.7 basis points to 1.290%, putting it on track for the largest one-day fall in yields since June 24, 2016, the day after the U.K. voted to exit from the European Union, according to WSJ Market Data Group. The 2-year Treasury note, which is especially sensitive to shifts in expectations for Federal Reserve interest-rate policy, headlined a broad rally in U.S. government bonds, pushing yields to their lowest levels since November, after a batch of inflation reports suggested that inflation may not be on pace to rise to the Fed's target 2% rate. Consumer-price......(read more)

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