“With most risky assets under pressure and volatility at its highest level since last September, investors continue to flock to the safety of government bonds,” Russ Koesterich, the global chief investment strategist for BlackRock Inc., said in a research note.

Even if the markets rebound and volatility abates, Treasury bonds may still find support from global investors seeking more attractive yields. For instance, yields on 10-year German bunds is 0.48% and yields on 10-year Japanese government bonds is 0.21%.

iShares 7-10 Year Treasury Bond ETF

Max Chen contributed to this article.

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