Goldman Sachs says US Treasury yields (may) have further to fall
GS say a further 20 and even 35bp to go if data is adverse and sentiment declines further.
- GS noting, or course, the coronavirus fears on market sentiment, prompting move to safety
A couple of others:
- Morgan Stanley say Asian investors are big UST buyers as the virus risk 'resonates more strongly' in Asia
- TD Singapore cite the risk to supply chains if virus outbreak persists, to weigh on growth