U.S. 10-year Yield Breaks Below 2.60%

Note to self: the Long Term Capital Management hedge fund failed when a Russian crisis prompted a flight-to-safety into treasuries.
From ETF.com:

Falling Yields Boost Long-Dated Treasury ETFs

So much for the higher U.S. Treasury yields financial markets were expecting as the Federal Reserve tapers its monthly bond purchases.

To the contrary, a slew of bullish factors, from a global flight-to-safety trade related largely to Russia to shifting pension-plan asset allocations favoring longer-dated U.S. government debt, have fueled a surprising drop in yields.

Year-to-date, 10-Year Treasury yields have slid more than 43 basis points, or 14.35 percent, breaking below 2.60 percent today—the lowest level since late October. Yields on 30-year debt are down roughly 56 basis points so far this year, hovering at 3.40 percent.

“The three main drivers of Treasury rates are economic growth, inflation and the base rate of interest; namely, the Federal Funds rate,” Anthony Parish, vice president of research and portfolio strategy for Sage Advisory, told ETF.com....MORE

2.5880% last after trading at 2.5790%.