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US yields slip to two-month lows as Nasdaq slides

US yields slip to two-month lows as Nasdaq slides

Investors sought safety a day after the midterm rally faded, while US mortgage rates fell for a third week and the Bank of England raised rates.

The US 10-year Treasury yield fell 4.9 basis points to 4.843% on Thursday, its lowest since September 9, The Economic Times reported.

Equities fell and oil recovered part of Wednesday's 8% drop as hopes faded of a quick end to the Iran war after the midterms.

The average US 30-year mortgage rate eased to 7.18% from 7.24%, Freddie Mac said.