Authorities bond yields are rising amid hopes for an financial restoration

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.