Treasury yields fell after the Fed cut rates and launched a new quantitative easing program to soften the economic blow from the coronavirus outbreak.
A trader sits on the the financial floor at the CME Group Inc.'s Chicago Board of Trade in Chicago, Illinois, U.S..Treasury yields fell Sunday night after the Federal Reserve issued cut rates and launched a new quantitative easing program to soften the economic blow from the coronavirus outbreak.
The Fed slashed rates to near-zero, their lowest level since late 2015. The central bank also announced a quantitative easing program of at least $700 billion. Sunday's announcements come less than two weeks after the central bank cut rates by 50 basis point to a range of 1% to 1.25%.
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