U.S. government debt prices were higher today as traders monitor the health crisis and the subsequent pace of economic recovery. The yield on the benchmark 10-year Treasury note stood at 0.5906% and the yield on the 30-year Treasury bond was at around 1.2803%. Yields move inversely to prices.
It comes after Treasury yields dipped on Thursday after a disappointing initial jobless claims reading. In addition, the pandemic continued to hit the United States hard, with record hospitalizations in Florida and record daily infections in California.