Share prices and Treasury yields rose on Pfizer’s announcement


AFTER NEWS of an efficacious vaccine broke on November 9th, investors bet on a partial return to economic normality. Cruise and casino stocks leapt, and e-commerce firms skidded. The yield on ten-year Treasuries climbed to almost 1%.

This article appeared in the Finance & economics section of the print edition under the headline “News of an effective vaccine injects optimism into markets”

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Via The Economist

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