(Bloomberg) — Surging Treasuries drove the yield on the 10-year note below 1.2% for the first time since February as coronavirus concerns weighed on the prospects for the global economy and drove investors toward havens.
The yield on the 10-year security dropped as much as 9 basis points to 1.197%.
The resurgence of Covid-19 is stoking a risk-off mood as investors consider whether new lockdown restrictions will sap the economic rebound and reverse an equity rally that had driven stocks to record highs. The decline in Treasury yields may be a signal of cracks in the global recovery, putting the onus back on monetary and fiscal authorities to support ailing economies even as inflation remains elevated.
And global equities are getting clobbered.
As The Fed’s balance sheet hits $8.2 trillion and near zero effective funds rate.
At least Nickel futures are up.
- China’s Warning ENTIRE Economy Will Collapse In 34 Days
- Trump declassified documents that proved the crimes of the FBI. Biden reclassified them & never told him
- Justin Bieber Goes Full-Hitler
- The FBI Now Claiming They are Victims of the Peasantry
- These Commercials from the Nineties Were Something Else
- Ultimate Doom! Dec. 13, 2022 Now Called ‘C-DAY’ “BIDEN BUCKS”/ Central Bank Digital Currency: (CBDC) Executive Order 14067
- Now They Are Telling Us That The Rain That Falls From The Sky Is Extremely Dangerous And Can Cause Cancer
- They Have Awakened the Sleeping Boomer
- U.S. households now own roughly 52% of the stock market and they are now struggling to make ends meet in this inflationary environment… What could go wrong?
- Democrat mega-donor Steve Kirsch mic drop on Fox News…