U.S. Treasury yields fell on Monday as investors flocked to safe-haven assets, driven by renewed concerns about global economic growth and escalating trade tensions.

The yield on the benchmark 10-year Treasury note dropped to around 2.00%, while the 30-year Treasury bond yield also declined significantly. Shorter-term Treasury yields also moved lower, reflecting the broad-based demand for government debt.

The flight to safety was triggered by a combination of factors, including:

• Escalating Trade Tensions: Ongoing trade disputes between the United States and other major economies, particularly China, have raised concerns about the potential impact on global economic growth.
• Weaker Economic Data: Recent economic data from around the world has been weaker than expected, suggesting a slowdown in global economic activity.
• Geopolitical Uncertainty: Geopolitical risks, such as tensions in the Middle East, have also contributed to the demand for safe-haven assets.

The decline in Treasury yields reflects investors’ expectations that the Federal Reserve may need to cut interest rates in the coming months to support the U.S. economy. Lower interest rates typically lead to lower bond yields.

Analysts expect that Treasury yields will remain volatile in the near term, as investors continue to monitor developments in the global economy and trade relations.