Could this be why gold is somewhat moving north? U.S. sovereign bonds continued to gain Friday, with markets around the world still unsettled by the Swiss central bank's shock move on Thursday.
Yields on benchmark 10-year Treasury notes—used to calculate mortgage rates and other consumer loans—fell to 1.7191 percent on Friday, continuing a rally that has seen yields fall for five consecutive sessions.
This followed the announcement by the Swiss National Bank (SNB) that it would abandon its three-year-old cap on the Swiss franc's value against the euro.