datoid

The 10-year Treasury yield dropped to 2.17% on August 10, 2011—a dramatic 4.2 standard deviation decline below its 60-day average of 2.97%. This represents an 80 basis point fall from 2.97% over just two weeks. This flight-to-safety occurred despite record-low unemployment (4.30%) and rising GDP growth (1.4% over 3 months), suggesting investors prioritized bond security over economic fundamentals. The timing coincides with elevated global risks. What specific events drove such extreme Treasury demand amid otherwise stable domestic indicators?