U.S. government debt prices rose in choppy trade on Thursday as U.S. stocks fell amid turmoil in China and oil price concerns.
The yield on the benchmark 10-year Treasury note touched a low of 2.1190 percent, its lowest since October, and last traded at 2.1482 percent. The yield on the 30-year Treasury bond was lower at around 2.9251 percent. Yields, which move inversely to prices, on shorter-dated Treasury notes broadly fell.
The Dow Jones industrial average fell more than 300 points in early trade, but cut half of those losses after Chinese regulators said they would suspend a circuit-breaker system that may have rattled traders. But the index resumed its fall after noon ET and touched fresh session lows.
In China, trading was suspended for the second time in a week, with a seven percent stock drop triggering a halt. Chinese markets were open for less than half an hour in total.