Fears of ‘domino effect of contagion’ amid China’s property woes could bring down U.S. Treasury yields from 16-year high

The lingering debt troubles in China's real-estate sector and the uncertainty of Beijing’s policy support are feeding into broader unease in the U.S. financial market, potentially driving investors to snap up safer assets such as Treasury bonds and gold due to risk aversion, says LPL Financial’s Quincy Krosby.