Market upheaval intensified Friday, as investors sheltered in the safest assets they could find, pushing the yield on long-term U.S. government bonds to unprecedented levels and setting gold up for its best week in over a decade.
The yield on the benchmark 10-year Treasury sank below 0.8% for the first time. …
The continued market jitters — even after the Federal Reserve unexpectedly cut rates and U.S. lawmakers approved roughly $8 billion in emergency spending — is focusing attention now on potential government measures to counteract the economic impacts of the coronavirus.
Read more: Wall Street Journal.
