“Treasury Yields Hurtle Toward Zero With Bets on Fed Cuts Growing”

“Treasury yields plummeted to record lows Friday as concern about the global economic and financial impact of the coronavirus spurred demand for havens and traders amped up bets on further central bank easing this month.

U.S. securities rallied, led by longer-dated notes, while other refuge assets also gained. The yen at one point climbed more than 1% to around 105 per dollar, while bund yields became even more deeply negative. A stronger-than-expected U.S. jobs report failed to significantly shift the pessimistic tone and traders now expect a half-point cut from the Federal Reserve this month…”

https://finance.yahoo.com/news/u-rates-hurtle-toward-zero-103400835.html