Bond yields plummet as Covid anxiety grips markets again
CNN
Worries about inflation are yesterday's news. Investors suddenly have renewed fears about another spike in Covid-19 cases -- and what that means for the global economy's still fragile recovery.
Just look at the bond market. Nervous traders are buying US 10-year Treasuries hand over fist, pushing their yields to below 1.3% — the lowest rate for long-term bonds since February. "Bond yields had hit a closing high of 1.74% at the end of March and many believed that the yield...would hit 2% by the end of 2021 but yields have since executed a sharp turnaround," Chris Zaccarelli, chief investment officer for Independent Advisor Alliance, said in a report Thursday.
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