Yields on US Treasuries fell on Tuesday morning. This is because concerns over Omicroncovid variants continue to weigh on the stock market and investors are looking for safe haven assets.
Benchmark yield 10-year government bond It fell 9 basis points to 1.4324% at 7:00 AM EST.Yield 30-year government bond It fell 6 basis points to 1.8139%. Yields are inversely proportional to price, and one basis point corresponds to 0.01%.
Vice-Chairman Richard Clarida of the Federal Reserve Board will speak at the Federal Bank of Cleveland on Tuesday at 1:00 pm EST.
On the data side, the September S & P / Case-Shiller Home Price Index will be released at 9am EST. The November CB Consumer Confidence Index will then be released at 10 am Eastern Standard Time.
The auction will be held for $ 34 billion of 52-week invoices and $ 30 billion of 21-day invoices.
— — YunLi of CNBC contributed to this market report.
Treasury brings slump more than fear of Omicron Covid variants
Source link Treasury brings slump more than fear of Omicron Covid variants