Treasury yields plunged on Monday after the Federal Reserve pledged asset purchases with no limit to support the markets amid the coronavirus pandemic.The yield on the benchmark 10-year Treasury note dropped 25 basis points to 0.692% following the Fed announcement. The rate last traded at 0.82%. The yield on the 30-year Treasury bond fell 20 basis points to 1.34%. The Fed said Monday it will continue its asset purchasing program including Treasurys and commercial mortgage-back securities “in the amounts needed to support smooth market functioning and effective transmission of monetary policy” (CNBC)   Source: Danareksa Sekuritas Debt Research Photo by Jonathan Riley on Unsplash