Treasury yields fall as US-China dispute resurfaces over coronavirus

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U.S. government debt prices were higher Monday morning as Washington ramped up its criticism of China over the origin of the coronavirus pandemic.

U.S. Secretary of State Mike Pompeo on Sunday stepped up the administration's claims that China intentionally concealed the severity of the outbreak in its infancy, while suggesting that there was "a significant amount of evidence" of the coronavirus originating in a Wuhan lab. However, he did not contest scientists' conclusions that it was not man-made.

The comments came after President Donald Trump indicated that the initial trade deal signed between Washington and Beijing in January was now of secondary importance following China's role in allowing the outbreak to spread. The escalating tensions between the world's two largest economies has offset cautious optimism over the gradual reopening of economies following weeks of shutdowns around the world, as the rate of new cases and fatalities slows in Europe and the U.S.

Cases in the U.S. have now topped 1.15 million, resulting in more than 247,000 deaths, according to Johns Hopkins University.Auctions will be held Monday for $61 billion of 13-week Treasury bills, $50 billion of 26-week bills and $30 billion of 105-day bills.

 

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When you want to default a loan just blame them.. if every borrower can follow suit! Good president

I guess it's time to dump US bonds.

Trump was rumored to have said 'We are going to place an embargo in regards to all viruses coming from China.'

Why were we funding them to do research on Bats?

It is saddening to drive around and see the devastation ChinaVirus has inflicted on the US. realDonaldTrump SecPompeo StateDept USTradeRep DeptofDefense EsperDoD marcorubio SenRickScott SenTomCotton WhiteHouse - Go see for yourself. China must be made to account!

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