Fears about a second wave of coronavirus cases prompted investors to seek safety in Treasurys and to sell bonds of companies in industries most impacted by economic shutdowns. A rise in Covid-19 cases across the country coincided with a report Thursday morning of 1.5 million weekly jobless claims by the Labor Department, roughly unchanged from the two previous weeks. U.S. stock markets fell after the report.

Source: Wall Street Journal June 25, 2020 16:52 UTC