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Treasury yields will rise as the economy continues to resume

US Treasury yields rose on Tuesday morning after several states further relaxed restrictions on the coronavirus.

Benchmark yield 10-year government bond It advanced to 1.61% at 4 am EST.Yield 30-year government bond It rose only to 2.29%. Yield is inversely proportional to price.

Florida Governor Ron DeSantis Signed an executive order On Monday, we will immediately suspend the remaining Covid-19 public health restrictions in the state. in the meantime, New York, New Jersey, Connecticut The capacity limit will be lifted from May 19th.

Factory order data for March will be released Tuesday at 10 am, along with the IBD / TIPP Economic Optimism Index for May.

An auction will take place on Tuesday, with $ 40 billion of the 42-day invoice sold.

— CNBC’s Laurent Thomas contributed to this report.

Treasury yields will rise as the economy continues to resume

Source link Treasury yields will rise as the economy continues to resume

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