Treasury yields rise as coronavirus vaccine hopes drive risk-on sentiment
American biotech firm Novavax stated Monday that it had began the primary human examine of its experimental coronavirus vaccine, with preliminary outcomes on security and immune responses anticipated in July.
The information adopted Moderna’s announcement final week that every one 45 sufferers in its vaccine trial had developed coronavirus antibodies.
As states look to tentatively reopen their economies, the U.S. has now confirmed greater than 1.6 million circumstances of the virus, leading to greater than 98,000 deaths, based on Johns Hopkins College.
Traders may also regulate a flaring of commerce tensions between the U.S. and China, with disputes over blame for the coronavirus pandemic and new Hong Kong safety legal guidelines threatening to derail the landmark “part one” commerce settlement signed in January.
On the info entrance, S&P/Case-Shiller house value readings for March are due at 9 a.m ET Tuesday, earlier than April’s new house gross sales figures at 10 a.m. ET.
Auctions shall be held Tuesday for $63 billion of 13-week Treasury payments, $54 billion of 26-week payments, $65 billion of 42-day payments and $44 billion of 2-year notes.