Treasury yields hit one-week low on ‘Brexit’ fears

Treasury prices rose in Asia, pushing the yields to one-week low after early poll results in UK showed ‘exit’ vote in lead.

The yield on the benchmark 10-year Treasury note dropped to a low of 1.604%. The yield now hovers around 1.663%. On similar lines, 2-year treasury yield dropped to a low of 0.672% before recovering to 0.728%.

Yields recovered after the latest update showed ‘remain’ vote taking the lead.