On the back of the news that the US is planning to sell securities worth $21 billion in the open market, the 10-year treasury notes came down.

This round of selling is the second in line of the three debt selling that the US government is planning to do for auctioning its debt the value of which is $67 billion.

The government has also sold off $33 billion of three-year notes which saw its yield go down to record low level. And now, the government is also going to sell $13 billion of 30-year bond.

Trend shows that the 10-year bond rate has gone down from its highest level for the first time in almost a month's time. The decrease was also because the stocks in the US market had gone down because of the concerns about Europe's sovereign-debt crisis.

Experts believe that the yields on the US notes have fallen down to unsustainable levels and the market which had been over-priced till now is facing the fear of double-dip recession. Their current estimate shows that the rise will be around 3 per cent.