As the U.S. coronavirus death toll passed 170,000, the U.S. government obligation costs were higher on Monday, while House lawmakers were gotten back to Washington in the midst of a standoff on Postal Service funding. The yield on the 30-year Treasury bond was down at 1.4290%, however the yield on the benchmark 10-year Treasury at around 2 a.m. ET was lower at 0.6947% though Yields move inversely to costs.
|US3M||U.S. 3 Month Treasury||0.013||0.112|
|US1Y||U.S. 1 Year Treasury||-0.002||0.132|
|US5Y||U.S. 5 Year Treasury||-0.009||0.29|
|US10Y||U.S. 10 Year Treasury||-0.018||0.691|
|US30Y||U.S. 30 Year Treasury||-0.015||1.426|
Figures released throughout the end of the week indicated that 733,000 individuals were tried for Covid-19 daily in August, versus 750,000 in July. More than 5.4 million cases in the U.S record with flu season imminent.
Nancy Pelosi, House Speaker has reviewed lawmakers to Washington so that the U.S. Postal Service could guard against a cost-cutting effort by President Trump’s designated chief. Additionally, Pelosi blamed Trump for transparently attempting to destroy the post office in an offer to prevent mail-in polling forms being conveyed on schedule for November’s political race.
Democrats have included electoral infrastructure and USPS funding in their requests on another coronavirus relief bill, a key staying point for the White House. For $54 billion, the auctions will be held Monday of 13-week Treasury bills. Also, the 51 billion of 26-week bills will be included. No major economic information is expected Monday.
On Friday, information indicated retail deals rose 1.2% for the July month, missing the normal increment of 2.3% from financial analysts that are reviewed by Dow Jones. Though, barring automobiles, the increase was 1.9% excluding autos that were over the 1.2% estimate.