World news – African Union – Treasury yields are declining as fears persist over a rise in coronavirus cases

U. s. Treasury yields declined on Monday as rising coronavirus cases remained a concern for investors, despite news last week of an effective vaccine against the virus.. .

The yield on the standard 10-year Treasury note has fallen to 0. 878% at 4:52 a.m.. M. ET, while the 30-year Treasury yield fell to 1. 628%. Yields move inversely to prices.

Treasury revenue declined as cases of coronavirus were confirmed in the United States. s. It surpassed 11 million over the weekend, according to data compiled by Johns Hopkins University.

This is despite news last week that the Coronavirus vaccine, developed by Pfizer and BioNTech, was found to be more than 90% effective in preventing Covid-19 among those without evidence of a previous infection..

Meanwhile, President Donald Trump has publicly acknowledged that President-elect Joe Biden has won the U-title. . s. The elections will debut on Sunday. Trump wrote on Twitter, « He won because the election was rigged, » but followed up with a tweet saying he hadn’t conceded « anything ». .

The November data for the New York Empire State Manufacturing Index will be released at 10:30 a.m.. M. ET on Monday.

Richard Clarida, Vice Chairman, U. s. The Federal Reserve is expected to deliver a speech at 12 am. M. ET and San Francisco Fed Chairman Mary Daly will speak at 1:45 pm. M. ET.

The auctions will be held on Monday for $ 54 billion in 13-week bills and $ 51 billion in 26-week bills.

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