This isn't only because of COVID-19. The OPEC+ union between Russia and Saudi Arabia broke down yesterday. The Saudi's are now flooding the market with crude an

This isn't only because of COVID-19. The OPEC+ union between Russia and Saudi Arabia broke down yesterday. The Saudi's are now flooding the market with crude and are likely going to increase production to record levels. Crude is down 30% as of 3/9 1AM EST. This uncertainty (plus people moving out of energy bonds into treasuries) is also driving the flight to safety.