Updated on November 30, 2021 10:09:54 AM EST
This morning’s bond rally is mostly being fueled by Moderna’s CEO sounding the alarm last night about the low effectiveness current vaccines are likely to have against the new Omicron COVID variant. First was speculation from scientists in Africa last week, based on limited research. Now, the CEO of one of the primary pharmaceutical companies on the front line in the battle of COVID is stating the same. This has revived last Friday’s panic selling in stocks and buying of bonds as a safe-haven.