U.S. Treasury yields fell sharply on Thursday as global economic growth concerns and trade fears stirred demand for government bonds. Remarks by a European Central Bank official also heightened expectations that the ECB would push for aggressive monetary easing measures in September.

What are bonds doing?

The 10-year Treasury note yield TMUBMUSD10Y, 0.657% fell 6.2 basis points to 1.534%, its lowest since August 2016. The benchmark maturity briefly broke below the 1.50% key psychological level in the afternoon.