Treasury yields climb amid economic recovery hopes

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U.S. Treasury yields climbed on Monday morning, signaling growing market confidence that an economic recovery is close, following the coronavirus pandemic.

The yield on the benchmark 10-year Treasury note rose to 1.369% at 3:45 a.m. ET, while the yield on the 30-year Treasury bond advanced to 2.162%. Yields move inversely to prices.

Treasurys

The White House said it expects to finish sending out millions of doses of coronavirus vaccines this week, after a sweeping winter storm disrupted its distribution logistics.

Meanwhile, January data from the Chicago Fed National Activity index, which is considered as a broader indicator for national economic activity, is due out at 8:30 a.m. ET.

The Federal Reserve Bank of Dallas is expected to publish February data for its Texas manufacturing index at 10:30 a.m. ET.

Fed Governor Michelle Bowman is due to make a speech on economic inclusion in lower-income communities at the Dallas Fed’s Advance Together Celebration, at 3:30 p.m. ET.

Auctions will be held Monday for $54 billion of 13-week bills and $51 billion of 26-week bills.

CNBC’s Amanda Macias contributed to this report.

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