By Joseph Adinolfi, MarketWatch
NEW YORK (MarketWatch) -- The 10-year Treasury yield continued
its fall below 2% on Monday, as another plunge in crude-oil prices
suppressed investors' appetite for risky investments like stocks
and pushing money instead into the safety of bonds.
The benchmark 10-year yield (10_YEAR) shed 2.1 basis points to
1.948%, according to Tradeweb data. Bond prices move inversely to
yields.
The 10-year yield has steadily moved lower for the past two
weeks as investors have sought safer places for their money. It has
fallen in nine of the past 10 sessions, and last week recorded the
largest weekly drop since early December. The 10-year yield ended
2014 at 2.173%.
The price of Nymex-traded West Texas Intermediate crude oil for
February delivery(CLG5) skidded 3.3% to $46.56 after Goldman Sachs
slashed its three-month oil-price forecasts.
Also read: Oil's slump could upend $2 trillion in investments,
Goldman Sachs says
The five-year yield (5_YEAR) was down 2.8 basis points to
1.414%. The two-year yield (2_YEAR) was down two basis points to
0.557%, while the 30-year yield (30_YEAR) was down 1.8 basis points
to 2.537%.
Here's what bond investors were watching Monday:
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