Oil price plunge weakens Fed rate hike expectations! U.S. Treasuries continue to strengthen as 10-year yield falls below 4.87%

Zhitong Finance APP has learned that U.S. Treasuries extended their rally on Monday, after just posting their biggest monthly gain in more than two years. As international oil prices fell sharply, market concerns that energy prices would drive inflation further higher and force the Federal Reserve to continue raising interest rates eased, pushing U.S. Treasury prices higher and yields lower.