(Bloomberg) — Treasuries surged after the Federal Reserve slashed interest rates to near zero, leading an effort by global central banks to provide liquidity for stressed markets. Global bonds rallied.Just hours after the Fed’s second emergency rate-cut this month, the Bank of Japan announced plans to buy more corporate bonds and commercial paper, while the Reserve Bank of Australia said it stands ready to buy government securities. Still, the premium to borrow dollars in some cross-currency markets continued to rise on Monday.The efforts, coming after a statement on Sunday by major central banks, underscored how the coronavirus pandemic is leading …read more
Source:: Yahoo Finance
