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Yes, U.S. Ten-Year Treasuries Are Still a Safe Asset

Jamie Chisholm:

FT.com / FT's rolling global market overview - Risky assets dumped as Japan crisis intensifies: Amid the panic, there is one asset class in demand: US government bond yields are tumbling as a safe harbour is sought. The yield on the 10-year benchmark, which at one point touched its lowest level since the start of December, is down 7 basis points to 3.30 per cent.