U.S. government debt prices were sharply higher Tuesday morning after an outbreak of a new strain of coronavirus linked to pneumonia in China sent investors fleeing risk assets.
has killed four people with confirmed cases exceeding 200 ahead of the Lunar New Year holiday, during which hundreds of millions of people are expected to travel.
Late on Monday, Chinese authorities confirmed that the virus is contagious, and experts have called back the economic fallout from the deadly Severe Acute Respiratory Syndrome crisis in 2003.for 2020 from 3.4% to 3.3%. The U.S. growth outlook was revised down to 2.0% from 2.1% in the IMF's October forecast.Auctions will be held Tuesday for $42 billion worth of 13-week Treasury bills and $36 billion in 26-week bills.
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