Investing.com – Yields on U.S. 30-year sovereign bonds hit a record low on Wednesday as uncertainty surrounding global growth in wake of Britain’s vote to leave the European Union (EU), known as a Brexit, sent investors flooding into safe-haven assets for a second day running.
Specifically, the yield on the U.S. 30-year bond, which moves inversely to its price, hit a record low of 2.098%.
The yield on the U.S. 10-year Treasury note also pushed lower to a record 1.321%
In general, global bond yields tumbled again on Wednesday, as Brexit continued to spawn a flight to safety.
In Europe, U.K. 10-year gilt yields dropped to an all-time low of 0.724%, while German 10-year bonds yields slumped to -0.204%.
The 10-year Japanese government bond yield also dropped to fresh record lows in negative territory.
Fixed income was not the only “winner” in Wednesday’s risk-off session as gold prices surged to the highest level since March 2014 and the yen moved higher against the dollar. Experts warned that if USD/JPY broke below 100, the Bank of Japan could intervene in currency markets to safeguard its economy.