More of the Same, Lots More

Collapsing oil markets and rising pandemic fears have worked to spark a global equity sell-off that has domestic stocks set to open lower, a lot lower. Lower, too are U.S. Treasury yields. From the Treasury’s Two-Year yield of about a quarter-point to the Long Bond’s yield of around 85 basis points, scared investors are buying Treasuries. Lots of Treasuries. The Benchmark Ten-Year is languishing around 43 basis points. Gold is set to open around $6 higher at close to $1,682 with WTI off about $10 at $32.