-
US Bond Yields Dive and Stocks Tank Supposedly on Growth and Covid Fears
Bonds continued a huge rally today with yields at the long end down significantly. What's going on? So much for the idea "It's time again to short bonds as a couple of people Tweeted last week." I replied "Really?" Today's Bond Market Move • 30-Year: Down 12 Basis Points • 10-Year: Down 11 Basis Points • 5-Year: Down 9 Basis Points • 2-Year: Down 3 Basis Points Stock Market • Dow: -750 points (2.2%) • S&P: -75 points (1.7%) • Nasdaq: -183 points (1.3%) Bond Yields Sink to February Lows as Growth Fears Mount The Wall Street Journal reports Bond Yields Sink to February Lows as Growth Fears Mount. ... (full story)