Japanese government bond prices advanced on Friday as the coronavirus epidemic spread well beyond Asia prompting a stampede into the safety of government debt. Benchmark 10-year JGB futures rose 0.41 point to 154.07, while the yield on the key 10-year cash JGBs fell 5 basis points to minus 0.160%, the lowest in four months.
Italian government bond yields jumped in early trade on Friday after the number of coronavirus cases in the country continued to rise. Officials said that the death toll had risen by five from Wednesday to 17, while the number of people who tested positive for the illness increased by more than 200, to 650.
U.S. Treasury yields continued to fall in early trading on Thursday, with the yield on 10-year notes hitting a new record low below 1.2723%. Concerns of a spreading coronavirus epidemic have driven down yields as investors move to safer assets.
Global funds changed course in February and recommended a cut to equity allocations in their model balanced portfolio after taking them to a two-year high in January, instead suggesting an increase in bond holdings, Reuters polls showed.
By Karen Langley, Caitlin Ostroff and Chong Koh Ping. The February market rout deepened Thursday, as major stock indexes around the globe posted another round of significant declines and uncertainty over the impact of the coronavirus began shading into fear. All three major U.S. indexes slipped into correction territory-- a drop of at least 10% from a recent peak-- and posted their biggest one-day point drops ever.
Energy company debt tumbled Thursday, as fears of the spread of the coronavirus pulled commodity prices lower and pushed bonds of several oil and gas producers deeper into territory considered to be distressed. Whiting Petroleum Corp. (WLL) led the energy sector losses in late afternoon trade, with its most-active 2021 bonds lower by about 12.5%, near an average $55.50 price, according to bond trading platform MarketAxess. Whiting's stock briefly plunged 41% Thursday, nearing a...
By Karen Langley, Caitlin Ostroff and Chong Koh Ping. The February market rout deepened Thursday, as major stock indexes around the globe posted another round of significant declines and uncertainty over the impact of the coronavirus began shading into fear. The Dow industrials tumbled 1,190.95 points, or 4.4%, to 25766.64, bringing its slide this week to more than 3,200 points.
By Caitlin Ostroff, Chong Koh Ping and Karen Langley. U.S. stocks closed sharply lower Thursday as investors braced for the spreading coronavirus to slow business activity and depress corporate earnings. The Dow Jones Industrial Average fell 4.4%, about 1,186 points, as of 4 p.m.
By Caitlin Ostroff, Chong Koh Ping and Karen Langley. U.S. stocks deepened their losses Thursday as investors braced for the spreading coronavirus to slow business activity and depress corporate earnings. The Dow Jones Industrial Average fell 3.7%, about 1000 points, and the Nasdaq Composite slid 3.9%.
The Canadian dollar slipped to a near
six-month low against its U.S. counterpart on Thursday as oil
prices fell for a fifth straight day on a rise in new
coronavirus cases outside China that fueled ...
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
