Authorities bond yields begin the week decrease
US Treasury bond yields remained stable on Monday as investors continued to watch corporate earnings and the progress of the economic reopening.
The yield on the 10-year benchmark Treasury note has barely changed at 1.57%. The yield on the 30-year government bond also remained unchanged at 2.26%. The returns move inversely to the prices.
No major economic data was released on Monday.
Regarding the coronavirus pandemic, White House Chief Medical Officer Dr. Anthony Fauci that the US will resume administration of the Johnson & Johnson vaccine. The Food and Drug Administration last week urged states to temporarily discontinue use of the single-dose vaccine “out of caution” after six women developed a rare bleeding disorder.
“I guess we will continue to use it in some form,” Fauci said Sunday during an interview on NBC’s Meet the Press. “I very seriously doubt they’ll just cancel it. I don’t think that’s going to happen. I think there will likely be some kind of warning or restriction or risk assessment.”
Auctions are scheduled to take place on Monday for 13-week bills worth $ 57 billion and 26-week bills worth $ 54 billion.
– CNBC’s Pippa Stevens contributed to this report.