The 10-year U.S. Treasury yield plunged to a fresh record low on Friday as investors dumped riskier assets and searched for safer options amid the coronavirus outbreak.
At around 6:20 a.m. ET, the benchmark rate traded around 1.18%. Friday marked the first time ever the benchmark rate traded below 1.2%. The 10-year yield ended last week at 1.47%. The 2-year rate, meanwhile, slid to 0.96%.
Concerns about the global economic impact of the coronavirus have dented investor sentiment this week. The death toll in China from the virus has topped 2,700. Meanwhile, New Zealand and Nigeria reported their first coronavirus cases overnight. In Iran, the number of cases has grown to nearly 400.
Read more: CNBC.

When a group of residents were asked what changes they wanted to see in Lawrence in 10 years, common replies included more affordable housing, higher paying jobs and progress addressing social issues such as homelessness.
About 40 people attended a public meeting Wednesday at the Carnegie Building to gather input for the city’s 2020 strategic plan. The strategic plan, which updates the plan created by the last City Commission in 2017, will set specific goals for the city for the next few years, and commissioners will use the plan when making budget decisions.
Read more: LJWorld.com.

A Lawrence man who sued the City of Lawrence over the Queens Road taxing districts continues his legal efforts to stop the $5.3 million road project from proceeding as planned.
Last year, Queens Road homeowner Kurt Schaake filed a lawsuit against the city in Douglas County District Court claiming that the taxing districts the city set up to fund the project are arbitrary and capricious and therefore out of line with state law. A judge dismissed that lawsuit prior to trial for representation issues, but Schaake has now filed an appeal with the Kansas Court of Appeals.
Read more: LJWorld.com.