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Treasury yields slump amid state coronavirus restrictions
Treasury yields dipped as confirmed deaths from the coronavirus in the U.S. surpassed a quarter of a million, at 250,537, according to data compiled by Johns Hopkins University. A handful of states and cities in the U.S. are closing nonessential businesses, limiting public and private gatherings and imposing mask mandates to try to slow the spread of the coronavirus. There was reportedly weak demand for the sale of $27 billion sale 20-year bonds on Wednesday, which briefly prompted yields to rise. Loretta Mester, president of the Cleveland Federal Reserve, is due to speak at 10:30 a.m. and 2:35 p.m. ET on Thursday. ... (full story)