Pedestrians in Milan, Italy,where the coronavirus is spreading. (Photo: FrancescaVolpi/Bloomberg)

As the coronavirus has spread more widely out of China,investors have taken note. At the market open on Monday, the threemajor U.S. stock benchmarks slumped 3 percent lower. Meanwhile,U.S. bond yields are plunging, with the 10-year note at 1.36percent, its lowest yield since 2016, and the 30-year Treasury at1.82 percent, a record low.

And the long-term impact of the virus may be greater thanthought, Bob Browne, chief investment officer of Northern Trust,told ThinkAdvisor. "We think it's premature to assume [thevirus] is a blip" in global markets, he said.

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Ginger Szala

Ginger Szala is executive managing editor of Investment Advisor magazine. She covered the financial business and alternatives industry for 30 years while editor of Futures Magazine Group. MSJ Northwestern, BA University of Wisconsin-Madison. She is based in Chicago. Go Blackhawks!

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