If coronavirus fears escalate, Wells Fargo warns 10-year Treasury yields could fall another 30% (via TradingNation)
According to the firm's global head of rate strategy, coronavirus fears will drive more investors into the U.S. Treasury market as a safe haven play and drive yields sharply lower."Our big concern is that investors get more and more nervous," Schumacher told CNBC's "
If the coronavirus situation continues to deteriorate, Schumacher warns 10-year yields could fall at least another 30%.
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