CNBC reports that U.S. government debt prices rose again on Friday morning, with yields hitting record lows at the end of a wild week on Wall Street as the coronavirus continues to roil markets.
The yield on the benchmark 10-year Treasury note, which moves inversely to price, touched an all-time low of 0.7530%. The 10-year yield briefly hit an all-time low of 0.6947%. The yield on the 30-year Treasury bond notched a record low 1.3220%.
Wall Street suffered another route on Thursday as disruptions to businesses around the world on the back of the coronavirus outbreak became more apparent, heightening fears of a global economic slowdown.
The latest figures from the World Health Organization (WHO) indicate at least 95,270 cases of the virus worldwide and at least 3,280 deaths.