The yield on the benchmark 10-year U.S. Treasury note fell below 1% for the first time Tuesday, a stark measure of investors’ rising anxiety over the likely economic impact of the coronavirus outbreak.
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After an upbeat start to 2020, markets have done an abrupt about-face on the likely impact of the new coronavirus. The Dow industrials fell 786 points for their 11th loss in 13 trading sessions. The latest declines came after the Federal Reserve moved sooner than expected to cut interest rates, citing the likelihood that the…
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