U.S. Treasury yields fell Wednesday as investors sought the safety of government debt amid ongoing concerns about global economic growth. The yield on the benchmark 10-year Treasury note dropped to 2.21%, while the 30-year bond yield declined to 2.95%.

Heightened volatility in equity markets and weaker-than-expected economic data from Europe and Asia contributed to the increased demand for U.S. Treasuries. Investors often view U.S. government bonds as a safe haven during times of economic uncertainty.

The decline in yields reflects a broader trend of risk aversion in the market. As investors become more concerned about the global economic outlook, they tend to shift their investments away from riskier assets, such as stocks, and into safer assets, such as U.S. Treasuries.

The Treasury market will continue to be influenced by economic data releases and geopolitical events. Investors will be closely monitoring upcoming economic reports for further clues about the health of the global economy.