Treasury yields slightly lower as investors monitor U.S. coronavirus cases, stimulus talks

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U.S. government debt prices were higher Monday morning as cases of the coronavirus in the U.S. continued to surge, while leaders on both sides of the Atlantic looked for agreements on new fiscal stimulus to shore up their economies.

Florida reported more than 10,000 new Covid-19 cases

for the fifth consecutive day on Sunday, with cases nationwide now exceeding 3.7 million and rising by around 70,000 per day, according to Johns Hopkins University, even as President Donald Trump vowed that "it's going to be under control." Congress is set to begin debating a fresh coronavirus aid package this week, aiming to finalize legislation on help for households and business protections in the coming weeks.reported Sunday that the Trump administration is seeking to block billions of dollars for state-run testing and tracing efforts, driving divisions within the Republican Party.

In Europe, leaders are also embroiled in tough negotiations over a new 750 billion euro coronavirus recovery fund, with the 27 EU countries seemingly at an impasse after three days of talks.Auctions will be held Monday for $54 billion of 13-week Treasury bills and $51 billion of 26-week bills.

 

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