Treasury ETFs Hit All-Time Highs in Stock Rout
May 30, 2012 at 09:57 AM EDT
Exchange traded funds indexed to U.S. Treasury bonds reached fresh all-time highs on Wednesday as the Dow shed more than 100 points on the worsening Eurozone debt crisis. Yields on the 10-year note dropped to 1.65%, a new record low. Bond prices and yields move in opposite directions. In bond ETFs,...