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Bond yields are tumbling throughout Asia Pacific

Lisa Micheal 7 Aug 14
Pedestrians are reflected on a window of a securities company in Tokyo on Aug. 30, 2017.

Yields for 10-year government bonds in major Asian markets have been dropping sharply as recession fears send investors pouring into the assets.

Bond prices move opposite yields, and as investors rush to buy them, prices surge and yields fall in tandem.

Here's a look at how each market's 10-year government bond yield has fallen by Thursday morning, versus a week ago and the beginning of the month.


Aug. 15: -0.24
Aug. 8: -0.19
Aug.1: -0.14


Aug. 15: 0.89
Aug.8: 0.98
Aug.1: 1.20

Hong Kong

Aug. 15: 1.20
Aug. 8: 1.27
Aug. 1: 1.65

South Korea

Aug. 15: 1.24
Aug. 8: 1.27
Aug.1: 1.41


Aug.15: 1.61
Aug. 8: 1.73
Aug. 1: 1.92

Recession fears have roiled markets. The yield on the benchmark 10-year Treasury note broke below the 2-year rate early Wednesday, which is a bond market phenomenon that's been a reliable, albeit early, indicator for economic recessions.

The yield on the U.S. 30-year bond also fell to a new low.

In the U.S., investors have also been rushing into bonds. The iShares 20+ Year Treasury Bond ETF, TLT jumped 2.1% on Monday, its biggest gain in a year.

Commenting on the recent main yield curve inversion in the U.S., former Federal Reserve Chair Janet Yellen said Wednesday that "it may be a less good signal " this time around.

"The reason for that is there are a number of factors other than market expectations about the future path of interest rates that are pushing down long-term yields," Yellen said on Fox Business Network.

— CNBC's Eustance Huang, Thomas Franck and Patti Domm contributed to this report.