home Finance Treasury Yields Tumble to Lowest Since April as Oil Resumes Drop

Treasury Yields Tumble to Lowest Since April as Oil Resumes Drop

The scramble for the safety of U.S. debt is back on.

The benchmark 10-year Treasuries yield slid to the lowest in almost 10 months as stocks and oil resumed declines that have dimmed investors’ outlook for global economic growth.

The diminished confidence added to doubts about the Federal Reserve’s projected pace for interest-rate increases this year. Derivatives indicate traders aren’t even pricing in one hike in 2016, while policy makers’ median forecast in December called for four increases this year.

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