Bonds rally in rush from risk over Middle East war

Signage is seen at the United States Department of the Treasury headquarters in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly

SINGAPORE: Investor fears of a drawn-out Middle East conflict triggered a rush into U.S. Treasuries on Monday, in a broad risk-off move that pushed yields to multi-month lows.

The benchmark 10-year yield fell to an 11-month low of 3.9260% early in the Asian session, while the two-year yield slipped to 3.3650% - its lowest since August 2022, before recovering slightly.