Treasury yields move lower after surge in new coronavirus cases

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Treasury yields move lower after surge in new coronavirus cases
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U.S. government debt prices were higher Thursday morning, following a sharp rise in the reported number of new coronavirus deaths.

said the U.S. central bank was "closely monitoring" the coronavirus, its impact on China and the effect it could have on global economic growth.On the data front, consumer price inflation figures for January and the latest weekly jobless claims will be released at 8:30 a.m. ET.

Dallas Fed President Robert Kaplan and New York Fed President John Williams will both comment on the world's largest economy at separate events later in the session. The U.S. Treasury is set to auction $50 billion in four-week bills, $45 billion in eight-week bills and $19 billion in 30-year bonds on Thursday.

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