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Traders rush into Treasuries

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  • Treasury yields were sharply lower Thursday as traders moved into safety as stocks wiped out their gains for the year.
  • Thursday’s buying pushed yields down more than eight basis points in the front of the curve.
  • On Tuesday, a portion of the yield curve inverted, sparking recession fears.

Traders were rushing into Treasurys early Thursday as US equity markets wiped out their gains for the year following news of the arrest of Meng Wanzhou, CFO of the Chinese tech and telecoms giant Huawei. Meng’s arrest has stoked fears that the trade-war truce between the US and China could be in jeopardy.

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Source:: BusinessInsider.Com

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