The 10-year U.S. Treasury yield hits its lowest level of 2012, -6 bps to 1.77%. The long bond is...

|By:, SA News Editor

The 10-year U.S. Treasury yield hits its lowest level of 2012, -6 bps to 1.77%. The long bond is off 7 bps to 2.94%, within a few ticks of its YTD low. One can't help but reflect on the near-universal bearishness towards Treasurys of top bond fund managers 60 basis points ago. TLT +1.3% premarket.