Authorities bond yields are forward of Yellen’s speech within the Senate
US Treasury bond yields rose Tuesday morning as traders looked for comments from Treasury Secretary Janet Yellen, who is expected to address the Senate Treasury Committee later the day.
The benchmark 10-year Treasury note yield rose to 1.11% at 3:40 a.m. ET, while the yield on the 30-year Treasury note rose to 1.857%. The returns move inversely to the prices.
Government bond yields rose on Tuesday, the first day of trading this week, after markets closed for Martin Luther King Jr. Day on Monday.
During her confirmation hearing at 10 a.m. ET, former Federal Reserve Chairman Yellen – the election of President-elect Joe Biden as Secretary of the Treasury – is expected to tell the Senate Treasury Committee that unless she ” act big “. This is evident from a copy of their prepared notices received by NBC News.
This follows on from Biden, who will be inaugurated on Wednesday and shared more details last week on his proposed $ 1.9 trillion coronavirus stimulus package.
November data for international capital flows and foreign bond investments will be released at 4:00 p.m. (CET).
Auctions will be held on Tuesday for 13-week bills worth $ 54 billion, 26-week bills worth $ 51 billion, 119-day bills worth $ 30 billion, and 42 days – $ 30 billion worth of invoices performed.