Haven assets losing their mojo in virus-stricken market

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Haven assets losing their mojo in virus-stricken market GlobeInvestor

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.

Meanwhile, liquidity in the $17 trillion Treasuries market has deteriorated to its worst levels since the financial crisis, traders said. Some market participants have in recent days complained of being unable to get a satisfactory market price, a result of too many buyers and not enough sellers. At the same time, a sustained rise in the Japanese currency could leave it near levels that could prompt the Bank of Japan to curb its strength, some analysts believe. A strong currency tends to make a country’s exports less competitive abroad, an outcome Japan’s struggling economy can ill afford.

 

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globeinvestor because you cannot eat gold

globeinvestor I’m sure the wealthy and elite have moved all their money to conservative countries. Conservative countries aren’t collapsing capitalism!

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Investors prepare for more market swings as virus spreads in North AmericaInvestors prepare for more market swings as virus spreads in North America GlobeInvestor globeinvestor Maybe the g& m should take down this video
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