10-Year Treasury Hits Lowest Level in Over a Year Amid Recession Fears

Concerns about the United States entering a recessionary period contributed to a decline in 10-year Treasury yields on Aug. 5, with other major assets also suffering losses. The 10-year Treasury hit a low of 3.65 percent on Monday, breaking through the low of 3.727 percent hit in July last year. The security has been on a downtrend after hitting its peak late April. The 10-year Treasury is the most widely tracked government debt instrument, with its yields usually used as a benchmark for interest rates on debts such as corporate loans and mortgages. Investors often use the 10-year Treasury to compare the risks and rewards of other financial instruments. When these Treasurys decline, it typically suggests that investors are cautious about the economic situation....