U.S. government debt prices rose again on Friday morning, with yields hitting record lows at the end of a wild week on Wall Street as the coronavirus continues to roil markets.
on Thursday as disruptions to businesses around the world on the back of the coronavirus outbreak became more apparent, heightening fears of a global economic slowdown.of the virus worldwide and at least 3,280 deaths.
Stateside, San Francisco health officials announced the first two cases of COVID-19 in the city, but said they were unable to determine the source of the infections and raised concerns that it was "spreading in the community." Facebook told employees in the Bay Area to stay home and cancel any trips, while Gap shut down its New York City headquarters after an employee tested positive.
Markets will also have an eye on nonfarm payrolls and a slew of other employment data due at 8:30 a.m. ET on Friday, along with balance of trade and import/export figures.
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