Investors snap up Treasurys, driving down yields, as Russian forces continue their push into Ukraine.
Investors continued to snap up Treasurys on Tuesday, driving down yields, as Russia’s invasion of Ukraine entered its sixth day.
What are yields doing? What’s driving the market? Russia’s invasion of Ukraine entered its sixth day. The attack has roiled global financial markets, stoking demand for haven assets and raising uncertainty about the global economic outlook. But uncertainty about the economic outlook has prompted traders to less aggressively price in big rate increases by the Federal Reserve and other major central banks.
See: Russia-Ukraine war, surging inflation, rising rates: Here’s how some see the state of stock market as Biden readies State of the Union.
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