10-Year Treasury falls below 1% for first time ever as investors rotate into safer assets The benchmark 10-year yield fell by 10 basis points to a new low of 0.984 percent. The Fed's rate cut, which came hours after G7 leaders pledged to use "all appropriate policy tools" to safeguard against fallout from the coronavirus, lowered the central bank's key interest rate by 50 basis points to a range of 1 percent to 1.25 percent. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.