Global government bond yields tumbled to fresh lows on Tuesday as deflation fears boosted demand for haven assets.
The yield on the U.S. 10-Year Treasury note fell below 2% for the first time since October, hitting the lowest level since May 2013.
The yields on the 10-year government bonds in Japan and Germany hit record lows. The yield on the 10-year U.K. government bond fell to the lowest level since 2012.
Strong demand for haven bonds underscores uncertainty over the global growth outlook, even as the U.S. economy has gained traction and the Federal Reserve ended its monthly bond buying in October.