The yield on 30-year U.S. Treasuries continued to slide Wednesday, hitting an intraday low of 2.67% (a level not seen since August 2012) before rebounding to 2.84%.
The long bond’s yield fell below 3% for the first time this week since May 2013 as equity markets worldwide continued to sell off. Since mid-September, the VIX index has soared more than 80% as U.S. equities (Russell 3000 index) have dropped nearly 7%, while international stocks (MSCI ACWI IMI ex-U.S. index) are down nearly 8%.
Bloomberg reported that trading volume in U.S. Treasuries hit a record high Wednesday.
