Investing.com – The yield on the U.S. 10-year Treasury note hit its all-time low in morning trading Monday as worries about the spread of the coronavirus from China continued to push money away from risk and into safety like bonds.
The yield touched 1.32%, the record low that was set in 2016 following Brexit, which spurred fears about global economic stability. Yields quickly recovered some afterwards.
Stocks struggled as bond prices rose, with the falling 1%. Shares showed some resilience at the open, but selling accelerated through the morning.
Gold was the one counterintuitive trade, with falling 1.7% as the $1,700 level proved to be strong resistance.
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