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Treasury yields and stocks spiral lower over virus fears and Hong Kong downgrade

January 21, 2020

U.S. Treasury yields were on the slide in early Tuesday trade as fears around a rapidly spreading virus in Asia along with a credit rating downgrade for Hong Kong, the region’s premier financial center, drove investors into haven assets.

What are Treasurys doing?

The 10-year Treasury note yield TMUBMUSD10Y, -1.82% slipped 3.5 basis points to 1.800%, while the 2-year note rate TMUBMUSD02Y, -1.84% was down 2.2 basis points to 1.547%. The 30-year bond yield TMUBMUSD30Y, -1.50% retreated 3.9 basis points to 2.257%.

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