This translation has been automatically generated and has not been verified for accuracy.A dramatic U.S. Treasuries rally in the past week that sent yields to historic lows may still have room to run as the spreading coronaviurus leads analysts to downgrade economic growth forecasts, while the Federal Reserve is expected to continue cutting rates.
Two-year Treasury note yields, which are highly sensitive to interest rate moves, have plunged to 0.55%, the lowest since July 2016 when the fed funds rate was in the 0.25% to 0.50% range. The spread of the coronavirus has dramatically dented market perceptions of growth, and economic projections are only starting to catch up, said analysts at JPMorgan.
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