THE US-China trade conflict and cracks in the global economy are herding investors to the safest parts of financial markets, pushing yields to multi-year lows and strengthening bets that the Federal Reserve will cut interest rates in 2019.
Disappointing US economic data helped drive the 10-year Treasury yield down to 2.29% on Thursday, the lowest since 2017. Futures trading gathered pace amid mortgage-related hedging.
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