A closely watched bond market phenomenon has again flashed yellow, but investors...
NEW YORK - A closely watched bond market phenomenon has again flashed yellow, but investors are loathe to give it much weight.
However, worries about the coronavirus have so far done little to shake the upbeat growth views many investors and analysts had going into 2020. Tuesday’s brief inversion came as investors rushed back into Treasuries and other haven assets, sending U.S. government bond prices higher and pushing down yields.
U.S. stock markets were on track to erase most of the previous day’s losses Tuesday after falling to a two-week low a day before. But investors remain concerned over how severe travel restrictions and other measures to contain the virus will impact China’s economy and ripple through the rest of the world. China’s economy - the world’s second largest - is already expected to expand at its slowest pace in three decades this year, a Reuters poll found earlier this month.
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