ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Coronavirus shock weighs on global bond yields

Emerging-market rate cuts drive flight to safety in Treasurys

Lower rates in developing countries have pushed investor capital to the U.S.     © Reuters

TOKYO/SHANGHAI -- Sovereign bond yields are falling worldwide as investors and governments fret about the risks posed by the coronavirus outbreak to the global economy.

Several emerging markets lowered policy rates this month as the virus spread. Thailand, Indonesia and Brazil are among the 12 countries that have implemented cuts so far, and long-term bond yields in Thailand are close to falling below 1% for the first time. These countries -- which have particularly close economic ties to China through tourism and resource exports, for example -- are especially exposed to the impact of the outbreak.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more