A rush to safety amid a massive drop in stocks has stretched prices for haven assets, leaving investors fewer places to hide in the wake of a freshly-minted bear market.Treasury yields stand near record lows, reflecting investors' thirst for U.S. government bonds in the wake of a stock decline that has seen the S&P 500 give up more than 20% from its record high. The Japanese yen and Swiss franc have both touched multi-year highs against the dollar in recent days, while gold prices hit a seven-year peak earlier this month.
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