Treasury yields drop to 19-month low | Dow slides | China's veiled threat?

History shows there are some big stock winners when Treasury yields fall.

VIEW IN BROWSER | SUBSCRIBE TUE, MAY 28, 2019 EVENING BRIEF AS OF TUE, MAY 28, 2019 • 04:01 ET DJIA 25347.69 -0.93% -238.00 S&P 500 2802.08 -0.85% -23.98 NASDAQ 7607.35 -0.39% -29.66   Most Active DOW NAME LAST CHG %CHG INTC 43.57 -1.00 -2.24% AAPL 178.23 -0.74 -0.41% CSCO 53.93 -0.44 -0.81% S&P 500 NAME LAST CHG %CHG AMD 29.03 +2.59 +9.80% GE 9.36 -0.09 -0.95% BAC 27.89 -0.29 -1.03% NASDAQ NAME LAST CHG %CHG AMD 29.03 +2.59 +9.80% SIRI 5.35 -0.06 -1.11% INTC 43.57 -1.00 -2.24% EDITOR'S NOTE Trade war jitters have sparked a rally in Treasurys, thanks to investors fleeing to safe havens from riskier assets. History shows there are some big stock winners when yields fall. The yield on the 10-year Treasury note, which moves inversely to price, dropped to a 19-month low Tuesday. A CNBC analysis using hedge fund analytics tool Kensho found which stocks in the Dow Jones Industrial Average have been the biggest winners in 30-day periods when the 10-year yield declined at least 20 basis points, CNBC's Yun Li reports.   According to the data, Verizon, UnitedHealth, Coca-Cola, McDonald's and Walmart have been the best Dow performers during those periods of falling yields. These stocks tend to be winning bets during heightened market uncertainty since they all kick back big dividends and are relatively less impacted by economic weakness. Drug giants Pfizer and Merck are also leaders in the 30-stock Dow during times when yields are declining.   The 10-year yield has dropped around 25 basis points in May, and extended declines last week after survey data showed U.S. manufacturing activity tumbled to a more than nine-year low on trade war worries. Low rates may linger for a while as the trade tensions show no signs of easing. Kate Rooney | CNBC Markets Reporter @Kr00ney TOP NEWS  Dow slides as falling rates raise concerns about the economy 10-year Treasury yield drops to 19-month low as trade fights threaten US growth The next downturn could see a 'radicalization' of the policies used during the financial crisis A Goldman Sachs rival pulled out of the Apple Card deal on fears it will be a money loser An under-the-radar way to measure economic growth in China is painting a bleak picture China appears to make veiled threat about rare earth minerals crucial to US technology industry Morgan Stanley says economy is on 'recession watch' as bond market flashes warning Consumers are the most confident about their job prospects in nearly 2 decades Joe Biden prepares for New York fundraising blitz with Gov. Andrew Cuomo and short seller Jim Chanos Walmart poaches ex-Google, Amazon exec Suresh Kumar for new CTO role   CNBC PRO Amazon could surge 35% with AWS worth more than $500 billion, analyst says     TOP VIDEO Global Payments CEO on Total System deal: Scale has never been more important   SPECIAL REPORTS S&P might fall into correction before finding a bottom, charts suggest Manager of nearly $9 billion warns stocks could tumble another 6% on trade war jitters   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2019 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS