September 5, 2017 / 7:12 PM / 10 months ago

REFILE-TREASURIES-U.S. yields book biggest one-day fall since May

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NEW YORK, Sept 5 (Reuters) - U.S. Treasury yields recorded their steepest one-day drop since May on Tuesday as investors worries about a powerful storm rolling toward the southern United States and tensions between North Korea and the United States and its allies stoked safe-haven demand for bonds.

At 3:13 p.m. (1913 GMT), the benchmark 10-year Treasury yield was down 9 basis points at 2.065 percent after hitting its lowest intraday yield in nearly 10 months.

The yield decline was the largest since an 11 basis-point fall on May 17, when the U.S. Justice Department named former FBI chief Robert Mueller as the special counsel to investigate possible collusion between President Donald Trump’s 2016 presidential campaign and Russia, according to Reuters data. (Reporting by Richard Leong; Editing by Meredith Mazzilli)

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