GLOBAL MARKETS-Rush into U.S. bonds sinks global stock markets; gold touches 6-year high
Investors rushed into the safety of U.S. government bonds on Wednesday, smothering a broad stocks rally as fears of a global recession grew. Yields on the benchmark 10-year Treasury note fell to their lowest levels since October, 2016, and gold soared to a six-year high, while riskier assets like stocks and oil prices dived. On Wall Street, the Dow Jones Industrial Average opened more than 500 points lower, helping erase gains in European shares, before paring some losses.
Published:8/7/2019 11:32:46 AM