Authorities bond yields are falling regardless of financial progress as virus considerations persist
U.S. government debt prices were higher Monday morning as Congress prepares to vote on a $ 900 billion coronavirus aid package. However, there are concerns about a new strain of Covid-19 in the UK
At around 2 a.m. ET, the benchmark 10-year Treasury note yield was lower at 0.9263%, while the yield on the 30-year Treasury note fell to 1.6776%. The returns move inversely to the prices.
Senate Majority Leader Mitch McConnell and Minority Leader Chuck Schumer said Sunday lawmakers had reached an agreement on a $ 900 billion aid package that will be voted on Monday.
After the Pfizer and BioNTech vaccine had already been introduced nationwide, recordings of the Moderna vaccine were distributed on Sunday. An advisory panel recommended that key workers and anyone over 75 should come first to get the shot.
However, news of a new and more communicable strain of Covid-19 in the UK has left investors concerned about the containment of the virus. British Prime Minister Boris Johnson announced on Saturday that much of the country would put in place strict lockdown measures over the Christmas period, and a number of other countries have now closed their borders with Britain
Auctions will be held Monday for $ 54 billion in 13-week Treasury bills and $ 51 billion in 26-week bills, and $ 24 billion in 20-year bonds.