As Wuhan Coronavirus (2019-nCoV) spreads, capturing more public attention about the many uncertainties and risks associated with the virus, financial markets have reacted. The increases in infections and deaths have pressured equity markets worldwide and boosted safe-haven sovereign bond prices. The flight to safety, for example, briefly pushed the 10-year Treasury yield down to 1.53 percent, a six-month low.
The economic and market impacts stemming from the outbreak could be material, especially for China and global industries that are most affected, such as travel and segments of transportation. But ultimately the impact should be transitory, in our assessment
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