FXStreet (Mumbai) - The US treasury yields dropped as a fall in oil prices below $30/barrel triggered risk aversion and flight to safety. The benchmark 10-yr treasury yield currently trades four basis points lower at 2.057%. The 2-yr treasury yield, which mimics short-term rate hike bets, is down more than two basis points at 0.87%. Oil prices fell below $30 and are on track to end the week 10% lower. The drop in the oil prices not only triggers risk aversion and haven demand for treasuries but also weighs over the inflation expectations. That too pushes the treasury yields lower. For more information, read our latest forex news.