Negative COVID-19 talk from the US has hit sentiment. NAB’s Rodrigo Catril says equities are down, so is the US dollar, but the appetite for the extra supply in treasuries is strong.
Markets chose to take a negative view on the extended period of near zero interest rates signalled by the Fed, says NAB’s Gavin Friend. It’s a reminder that it’s the virus that determines the extent of the recovery, everywhere. https://t.co/VcC49Eumrp