Kessler: Record-Low Treasury Yields Will Keep Falling

“The yield on the 10-year Treasury note has fallen to record lows, briefly dipping below 1.5 percent on fears the global economy is headed for another downturn, but investors should buy now, as yields will keep falling, noted bond investor Robert Kessler, head of the Kessler Companies, tells Barron’s.

The yield — which moves inversely to a bond’s price and serves as a good indicator for an investor’s sense of risk — has fallen amid an intensifying European debt crisis, which has sent investors worldwide racing to U.S. government debt in a safe-haven play.

Despite rock-bottom interest rates, the U.S. Treasury is seen as a good place to stash money until blue skies return.”

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