Treasury yields fall to new lows on Europe worries

by 23 Jul 2012

NEW YORK (MarketWatch) -- Treasury prices rose on Monday, pushing 10-year yields to a record low, as worries about Spanish regional debt forcing the country to ask for a bailout, and rising Spanish and Italian bond yields, sent investors towards relative safe havens including U.S. bonds. Yields on 10-year notes, which move inversely to prices, fell 5 basis points to 1.41%, after touching an all-time low just under 1.40%, according to FactSet. "We wake up to another 'wow'," said strategists at CRT Capital Group. "Yields reach record lows in the 10-year sector on Spanish bailout concerns and falling global equity prices."

Yes, this means lower mortgage rates.

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