Traders work on the floor of the New York Stock Exchange.
Brendan McDermid | Reuters
The yield on the 30-year government bond fell to record lows in the morning on Asian trading hours Thursday, breaking the 2% level for the first time, according to Reuters.
It came just a day after the 30-year government bond touched record lows on Wednesday, in fear of the market after the closely monitored returns on the 1
After dipping to levels below 2%, the yield on 30-year government bonds improved and was last at 2,0004%. Still, it was higher than the return on 30-year bonds elsewhere in the world. The yield on the 30-year Japanese government bond was 0.155%, while the yield on the 30-year German bundle was -0.10%.
Long-term interest rates have fluctuated this month as worries about US and China developments were and GDP growth – combined with expectations of weak inflation and more aggressive central bank action – has sent traders looking for safer investments.