The 10-year US Treasury yield falls to record low as coronavirus sends investors fleeing to safety
On Thursday, the 10-year US Treasury yield fell to 1.29% for the first time ever.
"If you're looking for something to worry about, take your eyes off the stock ticker tape and look instead at the bond and oil markets," economist Ed Yardeni said in a Thursday note."They continue to flash warning signals about the economy's strength."The yield on the safe haven 10-year US Treasury note has slipped to a new record low as concerns that the coronavirus outbreak will weigh on global growth intensify.
It could be a foreboding sign that the latest coronavirus-induced market rout is far from over, economist Ed Yardeni of Yardeni research wrote in a note Thursday.
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