U.S. Treasury yields finished the month hovering close to record lows, driven by persistent concerns about the global economic outlook. Investors continued to flock to the safety of U.S. government debt, pushing prices higher and yields lower.

The ongoing European debt crisis remained a significant factor, with worries about sovereign debt levels in several Eurozone countries fueling demand for U.S. Treasuries. In addition, signs of slowing economic growth in the United States and other major economies added to the risk aversion.

Specifically, the yield on the benchmark 10-year Treasury note ended the month near its lowest level in decades. Similar trends were observed across the yield curve, with shorter-term and longer-term Treasury securities also experiencing downward pressure on yields.

Analysts noted that the Federal Reserve’s monetary policy also played a role. The Fed’s commitment to keeping interest rates low for an extended period helped to anchor short-term yields and contributed to the overall low-yield environment.

Looking ahead, market participants expect that Treasury yields will likely remain sensitive to developments in Europe and the global economy. Any signs of improvement in these areas could lead to a modest increase in yields, while further deterioration could push yields even lower.