Treasury bonds ended this year on a high note Friday, wrapping up the best year since the 2008 global financial crisis and beating U.S. stocks and corporate bonds.
The benchmark 10 year yiedl, a key rate the U.S. government pays to borrow from capital markets, ended the year below 2% for the first time since at least 1977. The yield, which moves inversely to the bond's price, tumbled by about 1.45 percentage points for the year, the beggiest calender-year decline since 2008 when the collapses of Lehman Brothers and Bear Stearns generated some of the biggest flight - to safety demand on Treasury bonds on records.
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