Yields on United States government bonds slumped on Tuesday as investors rushed to buy safe haven assets in the wake of North Korea's latest missile launch over Japan.
The yield on benchmark 10-year Treasuries sunk 6.26 basis points to 2.0945% at 10:54 am CET, while the yield on two-year notes dropped 2.37 basis points to 1.3016%. The yield on 30-year debt plunged 6.72 basis points to 2.6882% at the same time.
In Europe, the yield on 10-year German paper fell 5.3 basis points to 0.323%, whereas the yield on British gilts of the same maturity dipped 6 basis points to 0.993%. Bond yields move in the opposite direction relative to prices.
