U.S. government debt prices were lower on Tuesday morning as investors make a tentative re-entry into risk assets following Monday's mass sell-off.
The historic flight to bonds seen in recent days started with concern over the, which has now infected at least 110,029 people worldwide and caused at least 3,817 deaths, according to the latest World Health Organization figures.
This risk-off sentiment was compounded by plunging oil prices on Monday as the 14 oil-exporting countries of OPEC and ally Russia seeminglyattempted stock market recovery on Tuesday after President Donald Trump floated the idea of a "payroll tax cut or relief" to offset the coronavirus impact, following a 2,000 point plunge for the Dow Jones industrial average and the worst day for the S&P 500 since the financial crisis.
Redbook data for last week is expected at 8:55 a.m. ET on Tuesday. And an auction will be held for $38 billion in three-year Treasury notes.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bond market malfunctioning part of 'uncharted times for sure'Record-breaking low yields in the Treasury market are part of action not seen in bonds for 40 years, according to JP Morgan's Bob Michele.
Read more »
10-year Treasury yield hits new all-time low of 0.318% amid historic flight to bondsThe yield on the benchmark U.S. 10-year Treasury touched an all-time low of 0.318%, adding another 30 basis points to an unprecedented fall.
Read more »
10-year Treasury yield plunges below 0.5%The yield on the benchmark U.S. 10-year Treasury briefly touched an all-time low of 0.499% in overnight trading.
Read more »
Dow set to open with decline of 1,300 points as markets craterDEVELOPING: Markets around world plunging Monday, as oil price war adds to coronavirus fears. Dow set to open with another sharp decline around 1,300 points; 10-year Treasury yield was pushed to an all-time historic low of 0.3% by early morning.
Read more »
Indonesia readying measures to stabilize financial markets - finance ministerIndonesia Finance Minister Sri Mulyani Indrawati said on Tuesday that authoritie...
Read more »
Market Down But Off Lows As Trading ResumesUPDATED with trading resumed: The selling pressure on stocks continued but indexes are off their lows after trading resumed. It was halted for 15 minutes as the S&P fell 7% at the opening, trig…
Read more »