Latest U.S. Treasury yields on May 15


U.S. government debt yields moved lower Friday as investors awaited a host of fresh economic data.

At around 4:45 a.m. ET, the yield on the benchmark 10-year Treasury note was lower at 0.6153% while the yield on the 30-year Treasury bond declined to 1.2802%. Yields move inversely to prices.

Nervous investors are keeping a close eye on the U.S. jobs market. U.S. jobless claims totaled 2.981 million last week, lifting the total number of unemployment insurance claims filed during the coronavirus crisis to nearly 36.5 million — by far the biggest loss of jobs over a similar period in U.S.

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Eli Lilly reports a reduced rate of hospitalization for patients using its antibody treatment


LONDON — Eli Lilly said on Wednesday its antibody-based drug had been shown to reduce the rate of hospitalization for coronavirus patients recently diagnosed with mild-to-moderate symptoms of Covid-19.

The U.S. drugmaker said it tested three different doses of LY-CoV555 against a placebo in a trial enrolling roughly 450 patients. The middle dose of 2,800 mg met the trial’s target of significantly reducing the presence of SARS-CoV-2 after 11 days.

Other doses of the antibody-drug, including the 700 mg dose and the 7,000 mg dose, did not meet that goal.

The announcement comes at a time when many are closely-monitoring

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Women are disproportionately impacted by coronavirus job losses, costing global economy $1 trillion, says Citi


Residents wait in line for free groceries from a pop-up food pantry amid the coronavirus disease (COVID-19) outbreak in Chelsea, Massachusetts, May 19, 2020.

Brian Snyder | Reuters

The historic job losses suffered around the world are disproportionately affecting women, Citi said in a new research report. On top of being an inequality issue, there are real economic consequences.

The firm said that 44 million people globally, excluding China, could wind up losing their job in the six sectors most impacted by the coronavirus-induced slowdown. Citi believes that around 31 million of those people will be women, compared with 13

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‘Very abnormal’ trading pattern suggests more pain coming: BTIG


BTIG’s Julian Emanuel warns another deep market pullback is coming despite Monday’s comeback.

The firm’s chief equity and derivatives strategist sees evidence in trading activity that retail investors are still over-exposed to the market’s high flyers.

“Rather than fear being priced in the options market, there’s fear of missing out. The price of out of the money calls, as was the case throughout August, is still trading at a premium to the price of out of the money puts,” he told CNBC’s “Trading Nation” on Monday. “That is a very abnormal position.”

According to Emanuel, the situation indicates frothy sentiment.

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