The Treasury market lost ground yesterday as the U.S. dollar's fall to a new post-World War II low unnerved investors worried about their dollar-denominated assets.

Accounts lightened their holdings of U.S. government securities as the dollar fell firmly below 100 yen, its lowest level in almost 50 years. Against the deutsche mark, the dollar hit a new 1994 low of 1.5903 marks.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.