(Bloomberg) -- Treasuries surged, pushing yields to the lowest in more than three years, as a persistent rout in global financial markets pushed investors into the safest assets.

Benchmark 10-year notes rallied for the sixth day as commodities tumbled and investors dumped equities worldwide. Concern that central banks have lost the power to shield a global economy from slowing growth and anemic inflation has lifted Treasuries to a 4.1% gain in 2016.

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