US bond yields are tumbling in Asia

Daniel Berehulak / Getty Images

After hitting a high of 3.244% on Wednesday, benchmark US 10-year government bond yields are tumbling in Asia, recently falling to session lows of 3.148%.

They currently trade at 3.15%.

Investing.comUS 10-Year US Government Bond Yield 5-Minute Chart.

The decline reflects safe haven demand at a time when stocks across are tumbling across the world, and may be helping to keep losses in Asian currency markets limited at this point.

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