By Dan Celia for Value Walk
Nationally syndicated host and biblical investing authority Dan Celia said today that more progress with coronavirus treatment news will inject confidence into the markets.
“As we head into a new week, it would appear that U.S. treasury yields are moving lower,” Celia said. “That means treasury prices are going higher to start a new
week. That, of course, indicates that there is more money coming into U.S. treasuries, driving the yield down and prices for the bonds up. This indicates, of course, that there is less confidence in the economic growth, maybe from other countries, not only here in the U.S. I’m sure that a lot of this money is foreign money looking for safe haven, and there is no better safe haven than U.S. treasuries…”