Treasury yields plumbed new depths and stocks in Asia fell, tracking losses in U.S. markets, as the economic impact of the novel coronavirus epidemic widened.

In Friday morning trading in Asia, the yield on the benchmark 10-year Treasury note touched 0.866%, a new record intraday low. Investors are favoring government bonds over stocks and other riskier assets, and yields, which fall as prices rise, have also been propelled lower by falling official interest rates.

Read More