U.S. government debt prices were lower on Tuesday in a holiday-shortened week, with mounting optimism about a coronavirus vaccine driving some risk-on sentiment from investors.
American biotech company Novavax said Monday that it had started the first human study of its experimental coronavirus vaccine, with initial results on safety and immune responses expected in July.
Trade tensions between the U.S. and China remain in focus, with disputes over blame for the coronavirus pandemic and new Hong Kong security laws threatening to derail the "phase one" deal signed in January. Auctions will be held Tuesday for $63 billion of 13-week Treasury bills, $54 billion of 26-week bills, $65 billion of 42-day bills and $44 billion of 2-year notes.
were lower on Tuesday in a holiday-shortened week, with mounting optimism about a coronavirus vaccine driving some risk-on sentiment from investors.
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Dow futures jump more than 200 points on hopes of a coronavirus vaccineThe moves in futures followed a solid week for Wall Street that saw the 30-stock Dow post its best weekly performance since April.
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European shares rise on recovery hopes, Bayer jumpsEuropean shares rose in thin trading on Monday, as optimism over reopening of countries and signs of more stimulus for the coronavirus-hit euro zone economy helped sentiment.
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Oil prices rise on supply cut hopes, easing of coronavirus lockdownsOil prices climbed on Tuesday, boosted by increasing faith in the market that producers will to stick to commitments to cut crude supply while demand picks up with more cars back on the road as coronavirus lockdowns are eased around the world.
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An 'unprecedented' effort to find a coronavirus vaccine has over 100 horses in the raceVaccines are perceived as key to ending the restraints on work and life that have decimated the global economy, and returning to some sense of normalcy.
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Novavax Coronavirus Vaccine Begins Human TestingNovavax started the first human study of its experimental coronavirus vaccine, making it one of at least 10 shots now being tested in people globally for Covid-19
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Novavax starts Phase 1 clinical trial of coronavirus vaccine candidateNovavax Inc said on Monday it has started the Phase 1 clinical trial of a novel coronavirus vaccine candidate and has enrolled the trial's first participants, with preliminary results slated for July.
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