FXStreet (Mumbai) - A weak China trade data, coupled with a sharp drop in crude prices to lowest since 2009 triggered a risk-off in the markets and led to a flight to safety. The US treasuries, one of the traditional safe haven assets, advanced today, pushing the yields lower. The benchmark 10-yr yield lost 1.7 basis points to trade around 2.208%. The policy sensitive 2-yr treasury yield fell almost one basis points to 0.927%. A sharp drop in the Chinese imports highlighted a weak consumption in the world’s second largest economy and led to a bout of risk aversion in the European equities. The S&P 500 futures in the US also dropped 1% indicating the risk aversion has hit the US shores. Meanwhile, WTI Crude prices fell below USD 37.00/barrel levels for the first time since February 2009. Losses in oil hurt mining and energy shares across the globe and worsened the risk aversion. For more information, read our latest forex news.