The Editor 

The wrong end of the trend

John Hughman

The wrong end of the trend

There has been much disagreement over just how deadly or economically damaging the coronavirus will be – whipsawing equity markets, down 12 per cent in a week then up 5 per cent in a day are proof enough of the tug of war between bulls and bears currently taking place. The fall of the 10-year US Treasury to below 1 per cent for the first time suggests the latter is in the ascendancy, whatever a few dead cats suggest.  

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