The 10-year yield was last at 1.36% after falling to 1.31% on Tuesday. The bounce in yields eased concerns slightly that the coronavirus would tip the globe into a recession.
The news overnight was not positive in terms of containing the spread of the coronavirus. South Korea reported 169 new cases, bring, bringing the country’s total to 1,146 infected. In Italy, infections now total 325 and cases are now being seen beyond the original epicenter in the north. China reported 406 new confirmed cases, and an additional 52 deaths.