Category: Finance News

Feb 26

Bond Report: 10-year Treasury yield hits record low as coronavirus spreads beyond China

U.S. Treasury bonds rallied Wednesday afternoon as the accelerating spread of COVID-19 outside of China kept investors on edge, preventing a selloff in government bonds even as stocks looked to claw back from their worst back-to-back losses in several years. What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, -1.54%  was virtually unchanged at […]
Feb 26

Market Extra: Stock market slammed by fears coronavirus will deliver a ‘supply shock’ that central bankers can’t fix

There’s something different about the threat COVID-19 poses to the global economy. And that’s what has investors worried. “Because of its genesis in China, coronavirus is both a demand and a supply shock to the global economy,” said Brian Nick, chief investment strategist at Nuveen, in a Tuesday note. “Outside of China, however, evidence based […]
Feb 26

Guinness parent Diageo warns of £200 million profit hit as businesses count the cost of the coronavirus outbreak

Diageo became the latest multinational to measure the impact of the coronavirus epidemic on Wednesday as the world’s biggest spirits maker said the virus could hit profits by up to £200 million ($258.5 million) in 2020. For weeks, numerous companies across the globe have avoided quantifying the true cost of the virus and its potential […]