MW: Treasury prices surge amid global growth concerns
NEW YORK (MarketWatch) -- Treasury prices jumped Tuesday, sending yields sharply lower as bond traders fretted about the pace of global growth. Those concerns heightened after a measure of German economic sentiment turned negative for the first time in nearly two years and the German government slashed its growth forecasts for 2014 and 2015. The 10-year U.S. Treasury note 10_YEAR, -4.11% yield, which falls as prices rise, was down 11 basis points on the day at 2.194%, according to Tradeweb. The 5-year note 5_YEAR, -6.70% yield sank 12.5 basis points to 1.432%. The 10-year German bond TMBMKDE-10Y, -5.98% fell 5 basis points to 0.842%, on track to close at a fresh record low.
