U.S. Treasury yields fell on Monday but remained above recent multi-year lows, after the Federal Reserve stepped in with sweeping measures to protect the economy in the face of the coronavirus outbreak. Global central banks moved aggressively on Sunday to buttress a world economy that’s rapidly unraveling. The Fed slashed interest rates to near zero, pledged hundreds of billions of dollars in asset purchases and backstopped foreign authorities with the offer of cheap dollar financing. …read more
Source:: Yahoo Finance
