US Treasury bond yields slumped on Wednesday, after yesterday's slight rise, as concerns about the Corona virus mounted after the United States warned of a rising deaths toll and amid continuing shattered morale.
As of 08:10 GMT, U.S. 10-year bond yields fell 7.89 percent, after rising yesterday on the last day of the first quarter of this year by 0.68 percent.
The U.S. 30-year Treasury yields also dropped by 4.10 percent, while yesterday they rose as much as 1.34 percent.
It should be noted that the yields reduced their gains significantly after the announcement of a lower-than-expected US consumer confidence in March, where the index fell to 120 from 132.6 in February. Expectations have also receded to 110.
Meanwhile, the number of infected people in the United States this morning reached 188,592 confirmed cases, while the total number of deaths in was 4,055.
US President Donald Trump said the United States will have two very painful weeks, in an interview aimed at cheering his people on a potential surge in coronal infections.
At a regular White House press conference Tuesday evening, Trump said it would be about two weeks, noting that it was a matter of life and death.
Trump said yesterday that the economy ranks second on his list of priorities after saving lives, after announcing an extension of social spacing until the end of April.
U.S. stock indexes rebounded after a sharp pace of decline in the first quarter of this year, with the Dow jones posted its biggest quarterly loss since 1987, down 6,600 points.
The US dollar was higher today at 99.57, extending its rebound from a low of 98.33 hit on March 27, ahead of the US ADP Employment report due later in the day.
Also, the US will
release its ISM manufacturing PMI for March, which will reflect the extent of
damage caused by the spread of the Covid-19 pandemic.