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The yield on the key 10-year Treasury is tumbling as investors flee to safe haven assets in the face of Omicron worries

1 month ago   |   By Business Insider

Federal Reserve Chairman Jerome Powell Pool/ Getty Images
Bond yields sharply dropped Tuesday on worries that Omicron may be a vaccine-resistant strain of coronavirus.
The 30-year Treasury yield fell to its lowest level in 10 months and the 10-year yield hit a three-week low.
Fed Chairman Jerome Powell warns of downside economic risks from the new virus variant.
Investors pushed into US government bonds Tuesday, driving down yields as they looked for shelter from warnings about the Omicron variant of coronavirus, including one from the Federal Reserve's chief about the potential pain it...
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