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U.S. Treasury yields tick lower as omicron triggers Covid-19 restrictions

Mount Equity Group Tokyo, Japan > News > Markets > U.S. Treasury yields tick lower as omicron triggers Covid-19 restrictions

U.S. Treasury yields moved lower on Monday, as investors remained focused on Fed policy and the omicron variant — fears over which had already pulled yields down on Friday.

The yield on the benchmark 10-year Treasury note fell over 3 basis points to 1.3716%. The yield on the 30-year Treasury bond moved just under 3 basis points lower to 1.7897%. Yields move inversely to prices and 1 basis point is equal to 0.01%.

Asian equities and oil prices traded lower on Monday following the re-imposition of some Covid-19 restrictions in Europe. It comes as the rapidly-spreading omicron variant threatens to hit the economy over the holiday season and into the new year.

The weekend’s news on the variant kept up pressure on investor sentiment, as the World Health Organization said that cases are doubling in 1.5 to 3 days in areas with local spread, and U.K. officials said more Covid-19 restrictions were possible. The Netherlands over the weekend…

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