US ten-year bond yields plunge below 0.80% amid coronavirus concerns, dollar pressured heavily

The yield on US ten-year Treasuries has dropped to a new historic low under 0.80%. The rush into the safety of American debt in response tot he coronavirus crisis is weighing heavily on the dollar.

EUR/USD has reached 1.1278, GBP/USD is advancing toward 1.30 and USD/JPY remains depressed under 106.