Treasury prices extended their declines Thursday while U.S. stock indexes suffered their worst losses since 1987—an unusual dual downturn that raised concerns that the Wall Street rout is entering a painful new stage: The forced unwind of a number of popular trading strategies, some of which involve leverage, or borrowed money. The Dow industrials dropped 2,352 points, or 10%, bringing their decline to 27% in the month since the last record high. The yield on the 10-year Treasury note, which hit a record low Monday at 0.501%,...

Source: Wall Street Journal March 12, 2020 21:56 UTC