U.S. government debt prices were lower Thursday morning after key Super Tuesday victories for former Vice President Joe Biden sparked a risk-on rally on Wall Street.
The U.S. Federal Reserve has already implemented an emergency 50-basis-point cut to interest rates in a bid to contain the expected economic fallout from the outbreak, with other central banks set to follow suit.
The U.S. death toll from the virus increased to 11 on Wednesday, with new cases confirmed around New York City and Los Angeles, while Washington state health officials are grappling with the nation's largest outbreak. The latest World Health Organization figures place the number of global cases at 93,000 with at least 3,199 deaths.
Fourth-quarter unit labor costs and nonfarm productivity figures are due at 8:30 a.m. ET, along with jobless claims for last week. Factory orders data for January are due at 10:00 a.m. ET. Auctions will be held Thursday for $50 billion of 4-week Treasury bills and $45 billion of 8-week bills.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
10-year Treasury yield below 1% as investors monitor coronavirus and Super TuesdayU.S. government debt prices rose again on Wednesday morning, though yields remained slightly above the previous session's record lows.
Baca lebih lajut »
How you can profit from the record low 10-year Treasury yieldA recent surge in demand for safe-haven investments sent the yield on the benchmark 10-year Treasury note below 1% the first time ever. Home buyers and student loan borrowers could benefit.
Baca lebih lajut »
Biden is political equivalent of 10-year TreasuryThe former vice president is the Democrats’ preferred candidate for president so far, after winning at least nine states on so-called Super Tuesday. His surge shows that, like investors, voters are seeking a safe haven in uncertain times. It’s bad news for the current president.
Baca lebih lajut »
As 10-year yield falls to records, traders bet on three top housing stocksThe 10-year Treasury yield plummeted below 1% on Tuesday for the first time ever. These housing stocks could be the biggest beneficiary.
Baca lebih lajut »
Gerardo Ortiz Debuts in Top 10 on Regional Mexican Albums ChartGerardo Ortiz scores his 10th No. 1 (and eighth consecutive) on the Regional Mexican Albums chart (dated March 7) as Más Caro Que Ayer opens at No. 7. The set arrives in the top 10 with 2,000 in equivalent album units earned in the week ending Feb. 27, according to Nielsen Music/MRC Data.
Baca lebih lajut »
U.S. 10-year yields drop below 1% for first time everU.S. benchmark 10-year Treasury yields on Tuesday slid below 1% for the first ti...
Baca lebih lajut »