Roller-coaster week ends with bond yields, stocks sinking – News of Bahrain- DT News

Roller-coaster week ends with bond yields, stocks sinking – News of Bahrain- DT News

A dizzying, brutal week of trading dropped one last round of harrowing swings on investors Friday.. After skidding sharply through the day as fear pounded markets, steep drops for stocks and bond yields suddenly eased up in the last hour.. The S&P 500 had more than halved its loss for the day to 1.7% and even locked in a gain for the week.. It is the latest lurch in a wild ride that has sent stocks flipping between huge gains and losses - mostly losses the last two weeks.. "It's anyone's guess at this point why it rallied into the close," Adam Taback, chief investment officer for Wells Fargo Private Bank, said of the last hour of Friday's trading, The Associated Press (AP).. The 10-year Treasury yield falls when investors are worried about a weaker economy and inflation, and it sank below 0.70% at one point.. Friday's drop for the S&P 500 was the latest swing in a remarkably turbulent week.. The bond market sounded the alarm on the effects of the virus long before the stock market, and yields fell further Friday.. Investors expect other central banks around the world to follow suit in hopes of supporting markets.. A