U.S. government debt prices were slightly higher in the early hours of Tuesday as concerns about new lockdown measures in Europe and a likely delay to a new federal stimulus package continue to weigh on sentiment.
slid to 1.4129%. Yields on shorter-dated bonds were broadly higher, however. Yields move inversely to prices.Wall Street continued a recent sell-off on Monday as the S&P 500 posted its fourth consecutive day of losses, fueled in part by fears that the economic recovery could take longer than anticipated.
Meanwhile, the U.S. is nearing 200,000 deaths from the coronavirus pandemic, having recorded more than 6.85 million cases, according to data compiled by Johns Hopkins University.
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