Erin Arvedlund: Coronavirus fear? It’s already peaked on Wall Street.

The coronavirus didn’t stop Wall Street from rallying to new records last week. And the pandemic had an unintended effect — driving down borrowing costs for corporate America while lowering Treasury bond yields for investors.“Fearful investors are driving down long-term rates, such as the 10-year Treasury,” said Dev Kantesaria, managing partner of Valley Forge Capital, a $615 million long-only equity hedge fund based in Wayne, Pa.Interest rates remain extremely low, as witnessed by the 10-year Treasury bond, with a yield that dropped to roughly 1.58% Friday on news of the spreading virus.Why? …

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