US Treasury yields rose on Tuesday morning after many states relaxed further coronovirus restrictions.
The yield on the benchmark 10-year Treasury note advanced to 1.61% at 4 pm ET. The yield on the 30-year Treasury bond increased slightly by 2.29%. Yields run contrary to prices.
Florida Government. Ron DeSantis signed an executive order on Monday that immediately suspends the state’s remaining Kovid-19 public health restrictions. Meanwhile, New York, New Jersey and Connecticut will begin lifting capacity restrictions on May 19.
The data on the March factory order is set to coincide with the IBD / TIPP Economic Optimism Index of May at 10 a.m. ET on Tuesday.
An auction will be held on Tuesday for $ 40 billion of the 42-day bill.
– CNBC’s Lauren Thomas contributed to this report.
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