Government bonds take hit as investors switch to cash
Government bond yields rose sharply this morning as investors came under increasing pressure to liquidate liquid assets to meet redemptions.
UK 10-year yields leapt by 0.16 percentage points to 0.71% while 10-year US Treasury yield rose by 0.19 percentage points to 1.19%.
Stocks were weaker almost across the board, as governments' efforts to shield economies from the impact of coronavirus failed to provide much comfort to investors. View all the latest market data here: https://www.professionalpensions.com/news/4012364/market-movers-blog-ftse-100-reverses-yesterday-s-gains
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