Treasuries Rally as Stocks Drop on Economic Angst: Markets Wrap

  • Draghi says ECB may need to soften impact of negative rates
  • Oil tumbles below $60 after unexpected jump in U.S. supplies
Ex-Fed official Charles Plosser discusses dovish tilt, policy options.Source: Bloomberg
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The rally in bonds gained momentum as traders turned their focus to a worrying global economic outlook. Stocks fell and the dollar rose.