Stocks down despite Federal Reserve interest rate cut to counter coronavirus – CBS News

The decrease followed a surprise relocation by the main bank to lower rates by 0.5 %in a quote to boost the U.S. economy as the coronavirus< a href=" https://www.cbsnews.com/live-updates/coronavirus-outbreak-death-toll-us-infections-latest-news-updates-2020-03-03/" target=

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https://ift.tt/2VFWiQv; data-invalid-url-rewritten-http=”” > Coronavirus’. More in Coronavirus. In another indication financiers are seeking sanctuary from market volatility, the price of 10-year Treasury notes rose, pressing the yield to below 1 %– the first time that has ever taken place, according to Bloomberg. The market decline on Tuesday follows the other day’s surge of 5.1 %, when financiers were buoyed by the possibility of a Fed rate cut.

More in Coronavirus. In another sign investors are looking for sanctuary from market volatility, the rate of 10-year Treasury notes surged, pressing the yield to listed below 1 %– the first time that has actually ever happened, according to

Bloomberg. The market decrease on Tuesday follows the other day’s rise of 5.1 %, when investors were buoyed by the prospect of a Fed rate cut.

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