US Treasury yields at record auction lows

By Daniel Kruger and Cordell Eddings | China Daily | Updated: 2011-08-15 08:02

A trader on the telephone at the Frankfurt Stock Exchange. European stocks dropped to a 10-month low, United States futures fell and US Treasury yields reached their lowest point this year on signs US growth is slowing. Hannelore Foerster / Bloomberg

NEW YORK - Treasury yields on debt maturing in 10 years and less fell to all-time lows as the United States Federal Reserve said economic growth was "considerably slower" than forecast and it would keep borrowing costs on hold until mid-2013.