Treasury yields held steady on Monday as investors monitored a rise in new coronavirus cases across the U.S..
More than 30,000 new Covid-19 cases were reported in the U.S. on Friday and Saturday, according to data compiled by Johns Hopkins University, the highest daily totals since May 1 as infections spiked in states across the South, West and Midwest.
The World Health Organization (WHO) also reported a rise in global cases on Sunday of 183,020, taking the total cases around the world past 8.7 million as countries attempt to reopen their economies following months of lockdown measures.
On the data front, existing homes sales tumbled 9.7% in May from April to a seasonally adjusted annualized rate of 3.91 million units, according to the National Association of Realtors. Sales were down 26.6% annually, the largest annual decline since 1982,
Auctions will be held Monday for $57 billion of 13-week Treasury bills and $54 billion of 26-week bills.