U.S. Treasury yields dive as market looks for aggressive Fed action
Source: Reuters
BUSINESS NEWS MARCH 12, 2020 / 10:24 AM / UPDATED 8 MINUTES AGO
Karen Pierog
2 MIN READ
CHICAGO - U.S. Treasury yields tumbled on Thursday as stocks took another beating and anticipation grew for aggressive easing on the part of the Federal Reserve to help deal with the economic fallout from the spreading coronavirus.
The 10-year note yield US10YT=RR was last at 0.666%, down from 0.822% at Wednesday’s close.
“We’re back to basic panic flight to quality, flight to safety again,” said Kim Rupert, senior economist at Action Economics in San Francisco.
She added that the plan President Donald Trump announced late Wednesday to protect the economy from the ravages of the coronavirus was “just not real clear at this point.”
“The markets were hoping for a lot more fiscal action and quicker,” Rupert said.
Read more: https://www.reuters.com/article/us-usa-bonds/u-s-treasury-yields-dive-as-market-looks-for-aggressive-fed-action-idUSKBN20Z29R?il=0
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I know a fiscal policy how about home owners and renters getting to NOT have any payments until lets say..................October....................., and no pay cut in the payroll tax...........................these bankers and corporations got a big tax break, you know like 1.5 trillion..........they have not lost any money, after all they were buying back stocks so that they could hand out dividends like it was candy, and they got tax breaks big fucking tax breaks and rate cuts.........................................
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