TREASURIES-Yields lower as coronavirus cases rise in Beijing, some U.S. states
June 17, 2020 at 09:52 AM EDT
U.S. Treasury yields edged lower on Wednesday as new outbreaks of the novel coronavirus and rising geopolitical tensions in Asia boosted demand for the safe haven debt. Benchmark 10-year yields have fallen from 11-week highs reached on June 5 when data showed that employers unexpectedly added jobs in May. Optimism over a quick economic recovery has been tempered by an increase in global cases of the coronavirus, with a new outbreak