The 10-year U.S. Treasury yield climbed on Monday despite confirmed cases of the coronavirus across the country surpassing 13 million at the end of last week.
Shorter-dated Treasury yields rose even though the surge in coronavirus infections in the U.S. remained a concern, reaching 13,384,650 on Sunday, according to data compiled by Johns Hopkins University.
November data from the Chicago purchasing managers’ index is due at 11:45 a.m. ET on Monday, followed by national figures for pending home sales at 12 p.m. ET and the Dallas Fed manufacturing index at 12:30 p.m. ET.
Auctions will be held on Monday for $54 billion of 13-week bills and $51 billion of 26-week bills.