Another one bites the dust. The 10-year US Treasury yield has become the latest to hit a record low, touching 1.378 per cent as the global government bond rally ploughs on to new extremes. The 10-year Treasury yield, one of the most closely watched financial benchmarks, has dropped as much as 10 basis points today (or 0.1 percentage points).

Fears for global growth have taken on a fresh urgency since the UK voted to leave the EU last week, fuelling intense market volatility. This has driven investors into haven assets such as government bonds and gold. FULL REPORT