
‘Safe Haven Purchase Is in Play’: Refuge Assets Rally on Coronavirus Fears
Safe-haven assets such as U.S. Treasuries and gold have rallied while risky assets like stocks and emerging market currencies have lost steam, as jitters surrounding the coronavirus outbreak ripple through markets and fears of a global pandemic grow. “In the last two weeks, there’s been safe-haven buying of U.S. Treasuries significant enough to drive down yields 20 basis points,”