Detailed text transcripts for TV channel - CNN - 20180530:09:51:00
Goods. that caught investors offguard. remember just ten days ago, treasury secretary mnuchin said a trade war with china was on hold. both events sparked volatility. wall street's fear gauge spiked nearly 31%. investors fled to so-called safe havens. they went into the bond market. so the ten-year treasury yield slipped down, fell to 2.77%. yields move opposite to price. that hurt financial stocks. falling yields affect borrowing rates making it harder for companies to make interest on loans and credit cards. that's why you saw jpmorgan chase shares drop 4%. american express and goldman sachs...
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