DTYS - Risk-Off Sentiment Strengthens Slide In Treasury Yields

Maybe it's a reaction to the recent escalation in the US-China trade conflict. Or perhaps the crowd is turning more cautious because of the runup in global equity markets earlier in 2019, before the trade row between Washington and Beijing undercut the bulls. Whatever the reason, yields on key Treasury maturities are trending down and the slide looks set to continue for the foreseeable future.

"We really need to get past trade negotiations, if we want to know what the next steps are for the Treasuries market," says Subadra Rajappa, head of US rates strategy

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