|Day's Range||29,669.90 - 30,926.73|
|52 Week Range||24,618.09 - 37,874.94|
Yields as measured by the Bloomberg Barclays Global Aggregate Treasuries Index have risen from this year’s low of 1.15 percent in late March to 1.27 percent on Tuesday. In a sign of just how pessimistic the bond market is on the economic outlook, government bonds globally rallied unusually hard after a small miss in a second-tier German economic report on business sentiment, with yields on that nation’s 10-year bonds dropping back below zero. Bond yields throughout the euro zone fell as well.
The iShares MSCI Emerging Markets exchange-traded fund (EEM) is down more than 7 percent for the year as trade tensions between the world's largest economies intesify. Among the biggest decliners in emerging markets were Argentine, Turkish, Brazilian and Chinese shares. “This really resulted from the escalation in trade tensions on multiple fronts,” says one analyst.
Bloomberg News reported that Latin America's third-largest economy could get a $30 billion loan from the IMF, lifting Argentina's currency from a record low. The Financial Times and Reuters also reported that Argentina is seeking a credit line. For the year, the peso is down more than 23 percent against the greenback despite Argentina sporting the highest overnight interest rates in the world.