Treasury yields drop on flight to safety

The demand for the safe haven treasuries spiked this Friday morning in Asia on reports of US attack on Syrian targets. 

The yield on the benchmark 10-year Treasury note dropped close to four basis points to 2.307%. The 2-year Treasury note shed three basis points as well. 

President Trump said the attack on Syrian airfields is in response to chemical attack. 

Lower long term yields in the US and across the globe means banking shares may come under pressure today.