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Treasury Yields Drop as Investors Flee to Safety

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Story summary
  • U.S. Treasury yields fell sharply Thursday as investors fled to safety.
  • The 2-year fell to 4.659%, the 10-year to 4.972%, and the 30-year to 5.296%.
  • West Texas Intermediate closed at $99.47 (+2.39%) and Brent rose to $113.17 (+4%).
  • U.S. and Israel reportedly consider a short, intensive strike on Iran after the Nov. 3 elections.
  • Gregory Faranello of South Street Securities said geopolitics dominates current market risk.