U.S. government debt prices were mixed Thursday morning as fears over the global spread of the new coronavirus continue to hammer risk assets.
has sparked fears of a pandemic and wiped more than $3.6 trillion from global stock markets by Wednesday's close.in a patient in California, while South Korea reported another surge in cases on Thursday morning, confirming that 334 more people had been diagnosed and taking the country's total to 1,595.
Saudi Arabia has suspended the entry of foreigners for pilgrimage and tourism purposes, while a Japanese woman has become the first person to contract the virus for a second time.. President Donald Trump said on Wednesday that Vice President Mike Pence will be in charge of the U.S. response. Second estimates of U.S. fourth-quarter GDP are due for publication at 8:30 a.m. ET, along with fourth-quarter PCE prices, January durable goods orders and last week's continuing jobless claims.
Auctions will be held Thursday for $50 billion in 4-week Treasury bills, $45 billion in 8-week bills and $32 billion in 7-year notes.
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