The benchmark 10-year Treasury yield resumed its historic slide on Monday as investors continued to punish risk assets like stocks in favor of the safety of bonds between an all-out oil price war and contagion fears surrounding the coronavirus. The yield on the benchmark U.S. 10-year Treasury briefly touched an all-time low of 0.318% in overnight trading, adding another 30 basis points to an unprecedented fall in the key interest rate. That rate was above 1.5% as recently as mid-February. The 10-year yield, in particular, holds outsized importance in the U.S. economy for its use as a benchmark for mortgage rates [...]

Kansas confirmed its first case of the new coronavirus on Saturday as the disease, which has killed 19 people in the United States, continues to spread across the country. Gov. Laura Kelly announced testing confirmed a Johnson County woman under 50 has the virus. Kelly said the woman is currently in isolation at her home. “Public health officials are also working to identify and contact those who may have been in close contact with this individual and exposed to the virus,” Kelly said. Read more: KC Star.

The entire yield curve for U.S. bonds fell below 1% for the first time in history after an all-out price war between the world’s biggest oil exporters triggered an unprecedented global bond rally. U.S. Treasury yields plunged, with the rate on 30-year bonds diving as much as 59 basis points, as rising expectations the Federal Reserve will cut policy rates to 0% in the coming months drove investors to reach to longer maturities for yield. U.K. government bond yields tumbled below zero for the first time, Germany’s two-year bonds were close to a record, and rates in Australia and New Zealand [...]