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Tag: coronavirus

  • Treasury yields climb, with Fed assembly and geopolitical tensions in center of attention

    U.S. Treasury yields climbed on Tuesday morning, with traders targeted at the Federal Reserve’s coverage assembly and geopolitical tensions.

    The yield at the benchmark 10-year Treasury notice moved 4 foundation issues upper to one.7760% at 4:15 a.m. ET. The yield at the 30-year Treasury bond rose 2 foundation issues upper to two.1133%. Yields transfer inversely to costs and 1 foundation level is the same as 0.01%.

    The Fed’s two-day assembly is because of kick off on Tuesday, with a coverage determination scheduled for two p.m. ET on Wednesday. The central financial institution isn’t anticipated to lift rates of interest following the January assembly, with many traders anticipating the primary hike to be introduced in March.

    On the other hand, the Fed is anticipated to sign a persisted tightening of financial coverage. Wall Boulevard traders see the central financial institution nodding towards the tip of its asset purchases within the subsequent month or two and an outright rundown of the stability sheet to start out round midyear.

    Stephane Monier, leader funding officer at Lombard Odier Non-public Financial institution, instructed CNBC’s “Squawk Field Europe” on Tuesday that his company expects the “coverage motion to be applied in March,” with an finish to asset acquire tapering and a primary rate of interest hike.

    Inventory choices and making an investment tendencies from CNBC Professional:

    — CNBC’s Jeff Cox and Amanda Macias contributed to this marketplace document.

  • Singapore says it is in a position for 2022 go back and forth call for when it returns

    There are “encouraging indicators of restoration” in Singapore’s tourism sector, in step with the Singapore Tourism Board.

    Customer arrivals reached 330,000 and tourism receipts reached an estimated $1.9 billion Singapore bucks ($1.4 billion) in 2021, in step with information revealed as of late through the country’s tourism board.

    Those numbers, alternatively, are down from 2020, when Singapore won 2.7 million guests, who spent just about $4.8 billion Singapore bucks that 12 months.

    Singapore’s tourism sector recorded general year-on-year declines in customer numbers and tourism expenditures from 2020 to 2021, because of the “sturdy tourism efficiency within the first two months of 2020,” in step with the media free up.

    Singapore closed its borders in March 2020 in a bid to stem the unfold of Covid-19.

    Acknowledging that closing 12 months’s tourism numbers constitute “just a fraction of Singapore’s tourism efficiency previous to the pandemic,” the Singapore Tourism Board stated it is seeing sure traits comparable to expansion within the closing 3 quarters of 2021.

    All the way through this time, world customer arrivals greater 221%, in comparison to the similar time frame in 2020.

    A sluggish restoration

    In 2021, China (88,000), India (54,000) and Indonesia (33,000) had been the highest supply markets for world guests to Singapore.

    From January to September closing 12 months, guests from China spent SG$432 million, the ones from Indonesia spent SG$127 million and Indian guests spent SG$58 million. The numbers exclude sightseeing, leisure and gaming, STB stated.

    We will have to await setbacks and demanding situations even because the tourism trade recovers slowly.

    Keith Tan

    CEO, Singapore Tourism Board

    It is a get started for Singapore’s tourism trade, which in 2019 made just about SG$28 billion ($21 billion) in tourism receipts.

    “We will have to await setbacks and demanding situations even because the tourism trade recovers slowly. However I’m assured that the tourism trade has learnt from its studies, and is poised to recapture call for when it returns,” Keith Tan, CEO on the Singapore Tourism Board, stated in a commentary.  

    Singapore stated not too long ago it’ll proceed to restrict the quantity of people that can input the rustic thru its quarantine-free, vaccinated go back and forth lane association. The gross sales of flight tickets can be capped at 50% of allotted quotas.

    On the other hand, some restrictions are easing. Those that input the rustic from Jan. 24 by means of vaccinated go back and forth lane (VTL) flights can do unsupervised, self-administered speedy Covid checks for seven days after arrival in the event that they intend to go away their position of place of abode. Submission of effects isn’t required.

    Resorts and cruises

    All the way through the pandemic, the tourism sector tailored to concentrate on home tourism, thru tasks such because the SingapoRediscovers marketing campaign and the SingapoRediscovers Vouchers scheme. Each had been introduced in 2020 and had been aimed toward encouraging Singaporeans and citizens to spend on accommodations and sights.

    A number of new accommodations opened in 2021, together with The Extended family, Duxton Reserve and Oasia Lodge Sentosa. The common occupancy charge for Singapore accommodations closing 12 months was once 56% — decrease through 1% from 2020 which had the advantage of two months of visitors prior to borders had been closed.

    Singapore Airways team contributors and vacationers on the transit corridor of Changi Airport in Singapore on Jan. 14, 2021.

    Roslan Rahman | AFP | Getty Pictures

    The cruise trade additionally “rebounded strongly,” in step with the tourism board, because of the recognition of so-called “cruises-to-nowhere” which began in overdue 2020.

    “The creation of more than a few go back and forth preparations, comparable to Vaccinated Shuttle Lanes (VTLs), has inspired the sluggish go back of world vacationers. Home intake has additionally been sturdy, because the tourism sector pivoted to expand new and leading edge studies for locals,” the tourism board stated.  

    To organize for a complete restoration, Singapore may be launching a “Tourism Careers Hub” in 2022 to coach and replace talents for tourism employees and companies, in addition to the ones considering coming into the trade, in step with STB.

    — CNBC’s Abigail Ng contributed to this record.

    Correction: Because of an modifying error, Singapore’s tourism receipts for 2019 was once misstated. The right kind quantity is $21 billion.

  • Here is what you want to learn about getting unfastened at-home Covid exams together with your medical insurance

    luza studios | E+ | Getty Photographs

    Non-public fitness insurers are rolling out their procedures for other folks to get their at-home Covid exams at little to no fee.

    The Biden management introduced the coverage towards the tip of closing 12 months ordering insurers to reimburse the ones they duvet for the exams, and extra steering was once put out this month. As well as, unfastened exams are actually to be had via mail to thousands and thousands of American citizens, without reference to their insurance coverage standing.

    This system for many who are privately insured will permit for as much as 8 exams a month in keeping with particular person, and the exams must be out there at native pharmacies and on-line. However each and every plan has its personal quirks.

    Here is what you want to grasp.

    Do all insurance policy have to hide the exams?

    The solution is not any.

    The 150 million American citizens who’ve personal medical insurance are eligible. That comes with other folks insured via their employer, in addition to those that’ve purchased a plan at the Inexpensive Care Act’s market, mentioned Lindsey Dawson, a coverage knowledgeable on the Kaiser Circle of relatives Basis.

    The ones coated thru Medicare might not be reimbursed below this program. Medicaid enrollees would possibly take pleasure in the initiative, with some states putting in place money back mechanism, however you must take a look at together with your state for more info.

    Brief-term or health-care sharing plans should not have to take part within the executive program, mentioned Sabrina Corlette, co-director of the Middle on Well being Insurance coverage Reforms at Georgetown College’s McCourt Faculty of Public Coverage.

    How does it paintings?

    It varies via insurer.

    Relying in your supplier, you can both be capable of get the exams at no in advance value or you can wish to lay out for them after which document for repayment. In a contemporary evaluate of coverage plans, the Kaiser Circle of relatives Basis discovered that about part of insurers are making an allowance for “direct protection,” and part are requiring their enrollees to head during the repayment procedure.

    You must name your insurer or glance on their website online to determine your choices.

    If you’ll be able to get an over the counter check with out paying for the associated fee, your insurer will most likely have a listing of most popular outlets the place you’ll be able to accomplish that. For instance, United Well being Care’s spots come with Walmart and Sam’s Membership.

    Extra from Private Finance:
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    In case you are going the repayment direction, be sure you hang on on your receipt, mentioned Caitlin Donovan, a spokesperson for the Affected person Suggest Basis

    “Your standard receipt must be effective — I have even revealed out receipts from Amazon — after which you would need to ship it in,” mentioned Donovan.

    Many insurers are recently requiring the repayment bureaucracy be mailed to them. Different choices come with fax and on-line submission. Some insurers are requiring enrollees to put up product barcode knowledge, in addition to your receipt, Dawson mentioned.

    Be mindful at-home Covid exams also are an eligible expense for versatile financial savings accounts and fitness financial savings accounts.

    Can I am getting any check?

    Maximum at-home Covid exams that you’ll be able to purchase on-line or at a pharmacy can be coated below the coverage, so long as it is licensed via the U.S. Meals and Drug Management.

    “For insurers with an immediate protection choice, the ones exams must be coated in complete so any individual purchasing one should not have to fret a couple of value cap,” Dawson mentioned.

    If you are going to buy a check outdoor your insurer’s most popular community, on the other hand, it’s possible you’ll best be reimbursed up to $12 in keeping with check.

    In case your insurer hasn’t arrange some way for its enrollees to shop for the exams and not using a in advance prices, which you must to find out if they’ve, you must be reimbursed for no matter you paid for the check.

    What number of exams can I purchase?

    You must be allowed to shop for a minimum of 8 exams a month below the coverage. A circle of relatives of 4 could be entitled to 32 exams a month.

    What if I should not have personal medical insurance?

    The government can be offering as much as 50 million unfastened, at-home exams to group facilities and Medicare-certified fitness clinics. You must be capable of to find the sort of facilities at your state or native fitness company’s website online.

    What is extra, the Biden management has bought greater than 500 million over the counter exams which can be to be had to all American citizens via home-delivery that they may be able to request on a website online. Each and every family can recently order 4 exams.

    When must I take advantage of an at-home check?

    Dawson cited one of the most maximum not unusual instances wherein other folks would possibly need to check themselves for the virus: They have got come into touch with any individual identified with Covid, they are exhibiting signs of the virus or they are anticipated to wait a high-risk tournament, comparable to a large circle of relatives amassing or one wherein any individual immunocompromised can be provide.

  • COVID-19: Indore management to withhold salaries of staffers skipping precaution dose

    By way of PTI

    INDORE: Government in Indore in Madhya Pradesh on Monday mentioned subsequent month’s salaries of a few 20,000 govt staffers within the district shall be withheld if they do not take the coronavirus vaccine’s precaution or booster dose.

    Frontline team of workers, well being care employees and so on shall be paid subsequent month’s wages provided that they take the 3rd shot of the vaccine, and treasury officers had been intimated in regards to the choice, Indore Collector Manish Singh mentioned.

    The order covers those that have now not taken the 3rd shot even after the stipulated duration, he added.

    Indore is the worst coronavirus hit district within the state, with the caseload status at 1,86,216, together with 1,409 deaths.

    The COVID-19 tally in Madhya Pradesh reached 9,04,744 on Monday after the detection of 10,585 new instances, whilst the toll higher to ten,576 with six sufferers succumbing to the an infection within the remaining 24 hours, an reliable mentioned.

    The positivity charge decreased to 13.0 in step with cent on Monday from 13.4 in step with cent on Sunday, he identified.

    The restoration depend stood at 8,24,275 after 7,822 other people had been discharged from hospitals right through the day, leaving the state with 69,893 lively instances, he mentioned.

    Indore and Bhopal, the 2 worst coronavirus-hit towns of Madhya Pradesh, registered 2,665 and a pair of,128 instances, respectively, within the remaining 24 hours, he mentioned.

    With 80,967 samples tested right through the day, the selection of checks in MP went as much as 2,53,94,972, the reliable added.

    A central authority liberate mentioned 10,87,44,479 COVID-19 vaccine doses had been administered thus far within the state, together with 1,27,907 on Monday.

    Coronavirus figures in MP are as follows: Overall instances 9,04,744, new instances 10,585, demise toll 10576, recoveries 8,24,275, lively instances 69,893, selection of checks thus far 2,53,94,972.

  • Assam executive tightens COVID restrictions, non-vaccinated other folks banned from visiting public puts

    By means of PTI

    GUWAHATI: The Assam executive on Monday issued an order tightening restrictions to include unfold of COVID-19 within the state and banning access of non-vaccinated other folks to public puts, except for hospitals.

    It additionally directed government to close faculties for as much as elegance 8 scholars.

    The federal government requested electorate to hold evidence of vaccination whilst going to public puts.

    Those restrictions will come into impact from 6 am of January 25, the order stated.

    “The standing of COVID-19 within the state has once more been reviewed and it’s been noticed that the choice of COVID-19 instances has been progressively expanding over the previous few days thereby expanding the positivity charge,” Officiating Leader Secretary P Okay Borthakur stated within the order.

    Accordingly, Assam State Crisis Control Authority (ASDMA) issued a brand new set of tips which can be to be adopted to arrest the unfold of COVID-19, and it’s going to stay in power till additional order.

    Bodily categories in “all faculties as much as elegance 8 in all districts will be suspended and all such instructional establishments shall migrate to digital choices till additional orders”, it stated.

    Categories in faculties had been allowed “on exchange days for sophistication IX and above” in all districts.

    “All instructional establishments together with faculties/schools/universities shall proceed to offer high quality digital choices,” the brand new order stated.

    The ASDMA stated non-vaccinated other folks might not be allowed to go into public puts, except for hospitals.

    “All persons are required to hold evidence of being absolutely vaccinated whilst visiting public puts/areas. The homeowners of public/non-public institutions will be accountable for making sure that most effective the ones entrants who’re absolutely vaccinated are allowed within and this needs to be achieved scrupulously through checking their vaccination standing.”

    “Failure to take action shall draw in penal motion,” the federal government order stated.

    It additionally mentioned all executive servants, together with contractual employees, will have to be inoculated with each doses of vaccines to wait workplace.

    “Staff who don’t seem to be absolutely vaccinated might not be allowed to wait workplace and they’ll must avail go away, if to be had or bizarre go away for which they’ll no longer be paid wage,” ASDMA stated.

    In case of marriages and conferences, as much as 200 other folks or 50 in keeping with cent of capability of a venue, whichever is much less, can be allowed.

    As much as 60 absolutely vaccinated other folks can be accredited to go into iconic non secular puts in an hour, whilst the restrict is 40 for different such puts.

    Those that have gained the second one dose of COVID-19 vaccines can be allowed to go into cinema and theatre halls however the most access is specific to just 50 in keeping with cent of the seating capability of those amenities.

    The evening curfew will proceed from 10 pm to six am around the state and all places of work and business institutions should be close down through 9 pm, the ASDMA added.

    Assam on Monday registered greater than a 2.5-fold soar in contemporary COVID-19 instances over the day prior to this’s rely as 5,902 extra other folks examined sure for the illness, taking the tally to six,98,713, the Nationwide Well being Project (NHM) stated.

    Eighteen extra other folks succumbed to the an infection all through the day, as towards 13 COVID-19 deaths on Sunday.

    The state’s positivity charge, then again, diminished to ten.44 in keeping with cent as 56,519 samples had been examined for COVID-19, the day by day media bulletin stated.

    Assam had recorded 2,277 instances and 12.57 in keeping with cent positivity charge towards the checking out of 18,117 samples on Sunday.

    Kamrup Metropolitan district, which essentially contains Guwahati town, reported 1,044 contemporary instances towards 771 infections on the day prior to this.

    The NHM bulletin stated 5,625 other folks recovered from the illness all through the day.

    In Assam, 6,46,972 COVID-19 sufferers have to this point recovered from COVID-19.

    The whole choice of deaths brought about through COVID-19 has long gone as much as 7,666, together with 1,347 with co-morbidities, NHM stated.

    Lately, the state has 44,075 lively coronavirus instances.

    Out of the brand new instances, 1,044 had been detected from Kamrup Metropolitan, adopted through 314 in Dibrugarh, 293 in Jorhat, and 267 in Golaghat.

    The whole positivity charge within the state stands at 2.53 in keeping with cent towards general checking out of two,76,11,266 samples to this point.

    The NHM bulletin stated 4,08,35,211 doses of vaccines had been administered up to now within the state.

  • ‘Double down’ on protection as a result of shares will plunge some other 10%, Morgan Stanley’s Mike Wilson warns

    Buyers is also taking part in with fireplace.

    In keeping with Morgan Stanley’s Mike Wilson, the S&P 500 is prone to a ten% plunge regardless of Monday’s overdue purchasing binge. He warns traders are dangerously downplaying a collision between a tightening Federal Reserve and slowing expansion.

    “This kind of motion is not comforting. I do not believe anyone goes house feeling like they have were given this factor nailed even though they purchased the lows,” the company’s leader U.S. fairness strategist and leader funding officer advised CNBC’s “Rapid Cash.”

    Wall Side road hasn’t observed an intraday reversal this massive because the 2008 monetary disaster. All over Monday’s consultation, the Nasdaq bounced again from a 4% drop whilst the Dow was once off 3.25% at its low. At one level, the blue chip index was once down 1,015 issues. However by means of the shut, the Nasdaq, Dow and S&P 500 have been all in certain territory.

    Wilson, the marketplace’s greatest endure, expects the painful drop will occur throughout the subsequent 3 to 4 weeks. He anticipates difficult income experiences and steering will give traders a serious warning call relating to slowing expansion.

    “I want one thing beneath 4,000 to get in reality optimistic,” stated Wilson. “I do suppose that’ll occur.”

    His technique: Double down on defensive trades forward of the expected setback. He warns nearly each S&P 500 staff will see extra bother because of frothiness and is making selections on a inventory by means of inventory foundation.

    “We are not making a large guess on cyclicals right here like we have been a yr in the past as a result of expansion is decelerating. Other folks were given just a little too excited on those cyclical portions of the marketplace, and we expect that is wrong-footed,” he stated. “There is going to be a payback in call for this yr. We do suppose margins are a possible factor.”

    Wilson doubts the Federal Reserve’s two-day coverage assembly which kicks of Tuesday will supply significant convenience to traders.

    “They are no longer going to go into reverse for the reason that marketplace bought off a bit of right here,” Wilson stated. “The knowledge in reality hasn’t been comfortable sufficient for them to prevent the tightening procedure.”

    On Monday, the S&P 500 closed at 4410.13, 8.5% beneath the index’s all-time top hit on Jan. 4. Wilson’s year-end price-target is 4,400.

    CNBC’s Robert Hum contributed to this document.

    Disclaimer

  • Former Punjab CM Parkash Singh Badal exams certain for Omicron variant of COVID-19

    By way of PTI

    LUDHIANA: Former Punjab leader minister Parkash Singh Badal examined certain for the Omicron variant of COVID-19 on Monday, stated a senior physician of the clinic the place he used to be admitted. The physician stated the five-time leader minister used to be solid.

    Dr Rajesh Mahajan, in-charge of the workforce of medical doctors getting to Badal, stated that the samples of the 94-year-old Shiromani Akali Dal patriarch used to be despatched to the Patiala lab for checking out and he examined certain for the Omicron variant.

    Badal is having sore throat, slight cough and gentle fever however he’s solid, Mahajan added. Badal used to be admitted to Dayanand Scientific Faculty and Clinic ultimate week when he examined certain for coronavirus.

  • What is riding the spike in air rage incidents

    There have been greater than 5,700 reviews of air rage on U.S. airways in 2021 in comparison with a regular 12 months of about 100 to 150 circumstances.

    The surge in downside flyers is inflicting complications for carriers, passengers and airline workers. 

    “Sadly I have been in a position to peer two of those in individual and it is very unnerving. When anyone freaks out on an airliner, there is not any 911 to name, no person’s coming in your assist, it is frightening,” mentioned Andrew Thomas, affiliate professor of selling and world trade on the College of Akron.

    Probably the most greatest flashpoints is masks compliance. Vacationers the use of public transportation, together with planes, trains and buses, have been mandated by means of the Transportation Safety Management early remaining 12 months to put on a masks. By means of December the FAA had logged greater than 4,100 mask-related incidents. 

    Alcohol is any other issue, flight attendants unions have mentioned. In Might Southwest Airways suspended alcohol gross sales on its flights via a minimum of January 2022 after one among its flight attendants was once assaulted. American Airways has taken identical steps in its major cabin.

    “It is been very, very tricky for flight attendants. This has been essentially the most troubling and essentially the most nerve-racking time throughout my profession and I believe in point of fact throughout all of aviation,” mentioned Sara Nelson, president of the Affiliation of Flight Attendants, which represents round 50,000 flight attendants throughout over a dozen airways, together with United, Spirit and Frontier.

    In an try to curb the wave of violent passenger incidents the FAA introduced a zero-tolerance coverage. The company can suggest fines as much as $37,000 consistent with violation for passengers who interact in unruly habits.

    So what have an effect on is the upward thrust in chaotic and now and again violent habits aboard planes having at the country’s carriers and flight crews?

    Watch the above video to be informed extra.

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  • Covid pandemic at a ‘important juncture’ and we nonetheless have an extended highway forward, WHO’s Tedros says

    WHO Director-Basic Tedros Adhanom Ghebreyesus speaks right through a press convention on December 20, 2021 on the WHO headquarters in Geneva

    Fabrice Coffrini | AFP | Getty Pictures

    The Covid-19 pandemic is at a “important juncture” because it enters its 3rd 12 months, the WHO’s best authentic stated on Monday.

    Talking at a press convention right through a gathering with Svenja Schulze, Germany’s minister for financial cooperation and building, WHO Director-Basic Tedros Adhanom Ghebreyesus praised Germany — the most important donor to the WHO — for coming near world public well being with “cohesion and multilateralism.”

    “Those qualities are extra necessary than ever, since the Covid-19 pandemic is now coming into its 3rd 12 months and we’re at a important juncture,” Tedros informed journalists.

    “We’ve the equipment to finish the intense section of this pandemic. However we should use them equitably and properly.”

    Noting Germany’s dedication to world cooperation and tackling the pandemic underneath its newly followed G-7 presidency, Tedros praised the rustic’s efforts as “an instance for all” however warned that “we nonetheless have an extended highway forward.”

    Globally, greater than 71 million new circumstances of Covid had been recorded during the last 4 weeks, in keeping with knowledge from Johns Hopkins College. Whilst the U.S. and France recorded the best possible choice of circumstances right through that duration, with 18.3 million and seven.6 million respectively, Yemen and Vanuatu have suffered the best possible case fatality charges on this planet all the way through the disaster, JHU knowledge presentations.

    In Yemen, the place a civil conflict is raging and not more than 2% of the inhabitants has been vaccinated, virtually one in 5 individuals who have shriveled Covid-19 died, in keeping with JHU. In the meantime, in Vanuatu — the place circumstances have remained low all the way through the pandemic however only a 3rd of the inhabitants is immunized in opposition to the virus — the case fatality fee is 14%.

    However in keeping with Tedros, vaccinations don’t seem to be the one factor global leaders want to imagine when taking a look at techniques to assist decrease source of revenue nations give protection to their populations from the results of the virus.

    “Vaccines by myself won’t finish the pandemic,” Tedros stated. “Many nations want diagnostics, life-saving therapeutics — together with oxygen and reinforce for vaccine rollout.”

    Talking on the Global Financial Discussion board’s digital Davos Schedule match final week, Michael Ryan, government director of the WHO Well being Emergencies Programme, stated society had a possibility to finish the Covid emergency in 2022 if longstanding inequities — reminiscent of honest get right of entry to to vaccines and well being care — had been addressed.  

  • Treasury yields combat for path as buyers brace for Fed assembly

    U.S. Treasury yields struggled for path on Monday morning, as buyers braced for the newest Federal Reserve coverage assembly.

    The yield at the benchmark 10-year Treasury observe made little motion, buying and selling at 1.7475% at 3:30 a.m. ET. The yield at the 30-year Treasury bond fell through not up to a foundation level to two.0602%. Yields transfer inversely to costs and 1 foundation level is the same as 0.01%.

    The Fed’s January two-day coverage assembly is because of get started on Tuesday. Traders can be on the lookout for any clues as to how a lot the central financial institution will elevate rates of interest this yr and when it’s going to get started.

    Goldman Sachs stated Sunday that its baseline forecast requires 4 price hikes this yr, however the financial institution sees a possibility for extra price will increase because of the surge in inflation.

    Holger Schmieding, leader economist at Berenberg, instructed CNBC’s “Squawk Field Europe” that the funding financial institution additionally anticipated there to be 4 price hikes, of 25 foundation issues, this yr.

    Inventory alternatives and making an investment tendencies from CNBC Professional:

    Then again, Schmieding added that Berenberg believed there was once a “possibility it could be 5, however in opposition to the backdrop of an excessively sturdy nominal and actual call for within the U.S.”

    “Even those price hikes would simply kind of hose down a little bit the very sturdy momentum within the U.S. financial system however they wouldn’t derail the U.S. financial upswing,” he stated.

    Markit is because of free up its flash buying managers’ index at 9:45 a.m. ET on Monday.

    Auctions are scheduled to be hung on Monday for $60 billion of 13-week expenses, $51 billion of 26-week expenses and $54 billion of two-year notes.

    — CNBC’s Yun Li contributed to this marketplace record.