Japan shares dive, bond markets bet virus will force rate cuts

Asian shares extended losses on Tuesday amid fears the coronavirus was rapidly mutating into a pandemic that could cripple global supply chains and wreak far greater economic damage than first thought. Sovereign bond yields dived as investors sought the most liquid of safe havens and wagered central banks would have to ride to the rescue with a burst of new stimulus. In all, they imply more than 50 basis points of reductions by year end. …read more

Source:: Yahoo Finance

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