Coronavirus is certainly throwing traders for a loop these days – it has spread from being just a localized issue in China to now becoming a global issue. The number of cases continues to rise and worries about the global economy crashing are becoming very real. As a result, traders have sold stocks hard over the last few sessions, with the major averages having one of their worst weeks since the Great Depression. But in that sell-off, one asset class is having a renaissance.
And that would be bonds.
Thanks to the flight to safety, U.S. Treasury bonds have risen exponentially over the last week. This has pushed yields down to historic, never-before-seen lows. With the ten-year mark below 1%, dividend stocks have quickly become the better solution for income seekers.
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