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BJ - Wall Street Breakfast: Bond Rally Into Uncharted Territory
BJ's Wholesale Club Holdings Inc.
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The 10-year Treasury yield hit an all-time low of 0.694% overnight as the coronavirus continued to push investors into the safety of government bonds. "Better to stay in cash," responded bond guru Jeffrey Gundlach. "I don't think calling the direction of interest rates is all that meaningful. Even if you are absolutely right and you get lower 10-year rates, you don't make any money." Investors are meanwhile increasing