Treasury yields tumble to 14-month low

|By:, SA News Editor

Macro concerns trump Fed hawkishness as the 10-year Treasury yield falls another five basis points to 2.37%, its lowest since June of 2013. The yield on the long bond is down four basis points to 3.20%.

In shorter maturities, the 5-year note is down four bps to 1.56%.

A check of Eurodolloar futures finds them higher, but still predicting the first rate hike by next June.

TLT +0.5% premarket

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