The Fed cut interest rates by a half percentage point on Tuesday in an emergency move to mitigate the possible economic effects of the flu-like illness on the world's largest economy
Gold and silver rise sharply on safe-haven appeal in a global economy prone to more downside risk
Yield on 10-year G-Sec slips to over three-year low of 6.23%
While the coronavirus outbreak is already disrupting global supply chains, slowing industrial activity, grounding flights and hitting financial markets, central banks have more reason to hold out.
The benchmark 10-year Indian bond yield dropped 8 basis points (bps) to 6.26%
The Fed trimmed interest rates by 50 basis points on Tuesday in an emergency move to safeguard the world's largest economy from the impact of the epidemic
Brent crude lost 17 cents to trade at $51.73 a barrel by 1:28 p.m. EST (1628 GMT). U.S. crude traded 1 cent lower at $46.74 a barrel
The Dow Jones Industrial Average dropped 2.94% to end at 25,917.41 points, while the S&P 500 lost 2.81% to finish at 3,003.37
This is the first time in over 11 years that the Fed has cut policy rates by 50 bps or more
In a statement, the US Fed said it was cutting rates by a half percentage point to a target range of 1 per cent to 1.25 per cent
US stocks initially advanced after the announcement before sliding into losses, while the 10-year treasury yield neared 1 per cent
It was the Federal Reserve's first emergency rate cut since the 2008 financial crisis, underscoring how grave the central bank views the fast-evolving situation
In a statement, the central bank said it was cutting rates by a half percentage point to a target range of 1.00 per cent to 1.25 per cent
Goldman said it expects a total of 100 basis points of cuts in the near term from the Bank of Canada, which meets this week
Decline in silver over 3%, gold holds fort with a marginal loss
Global central bankers, facing an economic threat from the virus, have for the most part taken a wait-and-see approach
On Monday, the metal rose as much as 2.8% to $1,688.66, its highest since January 2013
The Justice Department has said more than $4.5 billion was stolen from 1MDB by high-level officials at the fund and their associates between 2009 and 2015
The Federal Reserve held rates steady as expected while offering no new guidance on its balance sheet, but Chairman Jerome Powell noted that uncertainties about the outlook remain
Central bank keeps key overnight lending rate remains at 1.50%-1.75%; chief says policy appropriate and not on preset course.