FXStreet (Mumbai) - The yield on the benchmark 10-year treasury yield in the US fell below 2% on the back of a rise in the safe haven demand for the treasury notes. The yield currently trades 3.1 basis points lower at 1.991%. The more policy sensitive 2-year yield currently trades almost 3 basis points lower at 0.84%. The Chinese equity markets ended the day with 6% losses and triggered risk aversion in the European equity futures. The resulting risk aversion pushed the treasury prices higher (yields lower). Other safe havens like Gold and JPY also strengthened. For more information, read our latest forex news.