U.S. Treasury Yields Fall Amid Coronavirus Treatment News

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U.S. government debt prices were higher on Monday morning as investors focused on the latest coronaviruses and political developments.At around 1:50 a.m., the yield on the benchmark 10-year Treasury bill fell to 0.6282%, while the yield on the 30-year Treasury bill fell to 1.3300%. Yields move inversely with prices.

Monday’s schedule does not include any major economic data releases. Nevertheless, the US Treasury is expected to auction $ 105 billion in 13 and 26 week bills.

As a result, investors are watching for news that President Donald Trump plans to speed up the rollout of an experimental coronavirus vaccine ahead of the next presidential race in November, the Financial Times reported.

On Sunday, the United States approved the use of plasma from people who have recovered from Covid-19 to treat other coronavirus patients in hospital.

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