Anonymous ID: d39364 March 11, 2020, 7:03 p.m. No.8384025   🗄️.is 🔗kun   >>4279 >>4359

Stocks & Bond Yields Collapse After Trump Announces EU Travel Ban

Shortly after President Trump began his address to the nation, enacting a full travel ban from European nations for the next 30 days, the markets started to get upset. Dow futures are down over 850 points. Japan's Nikkei 225 is down over 350 points. 10Y Treasury yields are down 15bps. The Euro is strengthening against the dollar. Contracts on the S&P 500 Index that expire in March fell 2.7% as of 10:27 a.m. in Tokyo. The rout since a record three weeks ago exceeded 20%. Trump also authorized $50 billion for the Small Business Association to extend low-interest loans to companies in affected areas and asked Congress to deliver payroll-tax cuts aimed at boosting take-home pay for working Americans. Japan's central bank is expected to pledge that it is prepared to buy almost $60 billion a year in exchange traded funds to offset the economic and market turmoil caused by coronavirus fears. U.S. Treasury Secretary Steven Mnuchin said on Capitol Hill that the administration hopes to reach an initial agreement with Congress within 48 hours on a stimulus package to ease the economic stress caused by the coronavirus, particularly on the travel and hospitality sectors. House Majority Leader Steny Hoyer said the vote for a coronavirus bill is planned for Thursday.

 

https://www.zerohedge.com/markets/stocks-bond-yields-are-crashing-after-trump-announces-eu-travel-ban

https://www.bloomberg.com/markets/stocks/futures

https://www.marketwatch.com/tools/marketsummary

https://www.marketwatch.com/investing/bond/tmubmusd10y

https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart