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Haven assets losing their mojo in virus-stricken market - Reuters

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A rush to safety amid a massive drop in stocks has stretched prices for haven assets, leaving investors fewer places to hide in the wake of a freshly-minted bear market.Treasury yields stand near record lows, reflecting investors' thirst for U.S. government bonds in the wake of a stock decline that has seen the S&P 500 give up more than 20% from its record high. The Japanese yen and Swiss franc have both touched multi-year highs against the dollar in recent days, while gold prices hit a seven-year peak earlier this month.


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Comments · 2

  • @steemcleaners(83)· 2344d

    Copying/Pasting full or partial texts without adding anything original is frowned upon by the community. Repeated copy/paste posts could be considered spam. Spam is discouraged by the community and may result in the account being Blacklisted.

  • @steemcleaner(52)· 2355d

    Warning! This user is on our black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post! If you believe this is an error, please chat with us in the #appeals channel in our discord.