U.S. government debt prices climbed on Tuesday as investor sentiment was shaken by a fast-spreading new coronavirus strain in the U.K. The yield on the benchmark 10-year Treasury note sank to around 0.918 percent, while the yield on the 30-year Tresury bond fell to 1.656 percent. Bond yields move inversely to prices. On Monday, the 10-year Treasury yield dropped below 0.9 percent as fears over the new Covid variant sparked demand for the relative safety of government bonds, CNBC reports.

Source: The Standard December 22, 2020 09:24 UTC