Yahoo Finance: “Stocks fall, Treasury yields slump amid ongoing coronavirus fears”By admin_45 in IN THE NEWS
Yahoo Finance quoting DataTrek's Nick Colas:
.... "[Thursday’s’ midday selloff had many root causes, but all signal poorer investor confidence than that reflected in U.S. stock prices,” Nicolas Colas, co-founder of DataTrek, wrote in a note. “3M-10Y Treasury spreads went to new 2020 levels of inversion and 30-Year yields [neared] record lows again.”
Meanwhile, the euro declined, and the Japanese yen and South Korean won fell in response to coronavirus fears, Colas added. “Bottom line: export more turbulence ahead,” he said"....
Read the full article here on Yahoo Finance!