Just wanted to share the news that treasury bonds are hitting new lows. This and movements in gold may suggest that people are flocking to safety:
The 10-year Treasury note yield TMUBMUSD10Y, -2.34% was down 3 basis points to 1.495%, the lowest since last September, while the 2-year note rate TMUBMUSD02Y, -1.17% edged 1.4 basis points lower to 1.381%. The 30-year bond yield TMUBMUSD30Y, -2.17% slipped 4.2 basis points to 1.930%, falling below its previous all-time low of 1.95%.
Global equity benchmarks and U.S. stock futures fell Friday as the growing number of cases of the coronavirus outside China, especially in South Korea, raised fears that the damage to supply chains could hit several major Asian economies which are linchpins for industries like semiconductors and automobiles.
May particularly hit car manufacturers is one fear:
Investors also said it’s unclear when workers will be able to return to factory floors. Some forecasters suggest car manufacturing and other industries may not return to usual production activity until March.
wow…check this out t.co/0kegX37DBJ
— 𝕮𝖍𝖎 🛢️ (@chigrl) February 20, 2020