Asian borrowers take advantage of record low Treasury yields

US 10-year Treasury yields are at their lowest since January 2009. This is a borrower’s dream, but what’s in it for investors?

Stocks tumbled across the board last week after reports that an economic slowdown in the US was on the cards. In addition, the Federal Reserve auctioned off $24 billion of 10-year US Treasury notes, driving the yield to 2.73%, the lowest it has been since January 2009.

After a two-week wave of mediocre performance for recent issuance, some market participants fear that further bad news could slow down activity and lead to more days of...

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