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- U.S. treasury yields move lower as coronavirus fears escalate
U.S. treasury yields move lower as coronavirus fears escalate
CNBC reports that U.S. government debt prices were higher Monday, with investors increasingly concerned about the economic impact of the fast-spreading coronavirus
The benchmark 10-year Treasury note, which moves inversely to price, was lower at around 1.6530%, while the yield on the 30-year Treasury bond was also lower at around 2.106%.
Chinese officials confirmed Sunday that there had been more than 2,700 confirmed cases of the deadly pneumonia-like virus, including 461 people in a critical condition as the death toll rose to 80.
The virus, which started in the Chinese city of Wuhan, comes from a large family of coronaviruses, according to the World Health Organization (WHO). The WHO has said that while the virus - which is spreading via human-to-human contact - is "an emergency in China," it has not yet become a global health emergency.
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