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WH considering idea of buying 25 and 50-year bonds to finance $1.3 trillion stimulus – Bloomberg

The White House is considering the option of buying 25- and 50-year bonds to finance the $1.3 trillion stimulus package to counter the negative impact of the coronavirus outbreak on the economy, Bloomberg reporter Saleha Mohsin said on Thursday.

Market reaction

Although the 10-year US Treasury bond yield climbed above the 1.2% mark with the initial reaction, it struggled to extend its rebound and was last seen down 5.45% on the day at 1.128%. On the other hand, the US Dollar Index, which touched its highest level since January of 2017 at 102.35, edged lower but was still up more than 1% at 102.05.

Gold flirting with multi-day lows, below $1475 level

Gold edged lower through the mid-European session and dropped to three-day lows, around the $1465 region in the last hour. The precious metal continue
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Australia: RBA announces a rate cut and QE – Westpac

The Reserve Bank of Australia (RBA) has announced a rate cut; QE and Term Lending while Treasury has announced the purchase of asset backed securities
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