The yield on US Treasury bonds has virtually unchanged, as investors are cautious ahead of the release of US data and are following the news related to the new strain of the coronavirus.
The yield on 10-year Treasury bonds fell by 0.3 basis point, reaching 1.484%, while the yield on 30-year bonds was 1.886% (-1.1 basis points).
Today at 13:30 GMT, the US will publish a report on GDP and the PCE price index for the 3rd quarter. Economists expect GDP growth to slow to 2.1% from 6.7% in the second quarter. Meanwhile, at 14:00 GMT in the US, a report on existing home sales for November and the consumer confidence index for December will be released. According to forecasts, home sales rose to 6.52 million from 6.34 million in October, and the consumer confidence index rose to 110.8 from 109.5 in November.
Also today (at 15:30 GMT) The US Department of Energy will publish data on oil reserves for the past week.
As for the situation around the Omicron strain, which is now the dominant Covid strain in the United States, yesterday the US president called on Americans to get vaccinated. He also said that those who are fully vaccinated can safely celebrate the holidays. Meanwhile, more and more European countries are considering restrictions on Christmas holidays and limiting travel mobility.
The Fed's monetary policy outlook also remains in focus after the Fed announced at its December meeting that it would accelerate the reduction of monthly bond purchases and hinted at the possibility of raising rates next year.