US Treasury bond yields rose Monday morning, signaling growing market confidence that economic recovery from the coronavirus pandemic was on the horizon.
The yield on the benchmark 10-year Treasury note rose to 1.369% at 3:45 am CET, while the yield on the 30-year Treasury note rose to 2.162%. The returns move inversely to the prices.
The White House expects to complete shipping millions of doses of coronavirus vaccines this week after a widespread winter storm disrupted distribution logistics.
January data for the Chicago Fed National Activity Index, which is considered the broader indicator of national economic activity, is released at 8:30 a.m. ET.
The Federal Reserve Bank of Dallas is expected to release February data for its Texas Manufacturing Index at 10:30 am CET.
Fed Governor Michelle Bowman will deliver a speech on economic inclusion in low-income communities at the Dallas Fed’s Advance Together celebration at 3:30 pm.
Auctions will be held Monday for 13-week bills valued at $ 54 billion and 26-week bills valued at $ 51 billion.
– CNBC’s Amanda Macias contributed to this report.