Coronavirus shock and oil price fall pummel world stocks – ZAWYA

Coronavirus shock and oil price fall pummel world stocks – ZAWYA

Coronavirus shock and oil price fall pummel world stocks. "The oil price plunge adds a huge disruptive dynamic to markets that are already very fragile - investors are looking for losers in this move.". Investors piled into safe-haven bonds, driving the 30-year U.S. bond yields beneath 1% on bets that the Federal Reserve will be forced to cut interest rates by at least 75 basis points at its March 18 meeting, after having already delivered an emergency easing last week.. The U.S. 10-year Treasury yield fell to as low as 0.318% in its biggest daily fall since 2011 - during a sovereign debt crisis across the euro zone.. The 10-year Bund yield - the euro zone's leading safe asset - fell to a new record low of -0.863% while inflation expectations for the euro zone sank below 1% for the first time.. The fall in U.S. yields and Fed rate expectations pushed the dollar to its largest weekly loss in four years before it recovered some ground..