Financial markets were in a tailspin in February, particularly towards the end of the month, amid fears of economic stress stemming from the coronavirus outbreak. Ten-year government bond yields declined in several parts of the world, with those on the U.S. Treasury hitting a record low of 1.13% on February 28, down 39 basis points from the previous month-end.
Significant moves were also on display in Sweden, whose 10-year government bond mid-yield dropped nearly 23 basis points to end the month at -0.29%. Similarly, the yield on Denmark's 10-year benchmark note fell by 15.5 basis