Treasury yields fall as tech rout drives investors to safety

due to safety concerns, which has exerted further downward pressure on investors' hopes for an imminent economic recovery. Meanwhile, nine leading U.S. and European companies developing experimental vaccines have pledged to uphold scientific testing standards, voicing concerns about political pressure in the race to contain Covid-19.

Senate Majority Leader Mitch McConnell said Tuesday that a scaled-back Republican coronavirus relief bill will be brought forward for a vote on Thursday, though the proposals will likely face opposition from congressional Democrats. The U.S. Treasury will auction $35 billion of 10-year notes on Wednesday, along with $25 billion of 105-day bills and $30 billion of 154-day bills.

Natural for that to happen, tech couldn’t go up forever and the other sectors are not performing as their revenues and earnings are getting hammered by the economic slowdown. The question is what happens when yields go negative, where will the money flow then?

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U.S. Treasury yields move lower as investors monitor economic data, auctionsU.S. government debt prices were higher on Tuesday, as investors awaited a fresh batch of economic data after the long Labor Day weekend.
Source: CNBC - 🏆 12. / 72 Read more »