U.S. Treasury bond yields slumped to multi-year lows Wednesday, sending Wall Street equity futures deeper into negative territory as investors worried that the U.S.-China trade dispute could trigger a global recession.
Falling interest rates signal weak economic growth, which wouldn't spur stock price gains in a historically normal environment.
The photo-sharing company is also offering buyers the option to buy $150 million more of the notes.
Markets got hit hard in May when trade talks broke down and the president instituted new tariffs, but things are different now.
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Retail investors are sitting pretty after Trump enacted more tariffs. See their fancy footwork executed in July.
And still, Federal Reserve Chairman Jerome Powell feels he must cut rates as the economic data certainly has not moved upward of late.