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US Bond Yields Dive and Stocks Tank Supposedly on Growth and Covid Fears

From mishtalk.com

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. “This feels like ... (full story)

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  • Category: Fundamental Analysis