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ASX near three-week low as virus fears sap global markets – The Sydney Morning Herald
The ASX200 dropped as much as 1.4% to a near three-week low on Tuesday, amid fears about the rapid spread of coronavirus around Europe and the US.
The BlackRock Investment Institute, a research arm within one of the worlds largest investment funds, is downgrading US Treasury bonds amid concerns an incoming Democratic government will print more money and allow inflation to grow.
They have upgraded German bonds (bunds) to neutral reflecting our greater caution on Europes economic prospects.
We believe nominal developed market government bond prices are headed lower, and expect bunds to have more modest price declines than US Treasuries, BlackRock…
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