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  • US Dollar Plummets as US 10-Year Treasury Yields Hit Record Lows

    12/18/2008 9:28:05 AM PST · by TigerLikesRooster · 10 replies · 863+ views
    Yahoo!Finance ^ | 12/18/08 | David Rodriguez
    US Dollar Plummets as US 10-Year Treasury Yields Hit Record Lows Thursday December 18, 8:40 am ET By David Rodriguez, Quantitative Analyst strategist@dailyfx.com A massive flight to quality has left US 10-Year Treasury Bond Yields at their lowest levels on record—further emphasizing extreme risk aversion in global financial markets. Banks and other financial entities unwilling to lend to one another have desperately sought safe haven for funds, and US Government debt has largely been the instrument of choice for many investors. Such flows have not resulted in net demand for US Dollars, however, as we have actually seen the US...