Treasury yields edge higher as investors monitor coronavirus, oil production cuts

Treasury yields edge higher as investors monitor coronavirus, oil production cuts

Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, voiced cautious optimism on Sunday that the coronavirus outbreak is "starting to level off" in some areas.. U.S. government debt prices were slightly lower Monday morning as investors monitored the coronavirus and an agreement between OPEC and its allies for record oil production cuts.. OPEC and its oil producing allies on Sunday agreed a historic deal to cut production by 9.7 million barrels per day , after days of protracted negotiations in a bid to prop up falling prices as the coronavirus outbreak continues to hammer demand.. Sign up for free newsletters and get more CNBC delivered to your inbox.