U.S. Treasury yields tick lower ahead of U.S. data release, new Covid-19 restrictions
Moderna on Monday provided some promising news to markets after announcing that its booster shot offers substantial protection against the omicron variant, according to preliminary data. The European Union meanwhile approved the use of Novavax's Covid-19 vaccine in adults after many delays, in positive news for the U.S. drugmaker that gives Europe its fifth vaccine against the virus.
The Federal Reserve's more hawkish turn on monetary policy also remained in focus for investors, after it said last week that it would speed up the reduction of its monthly bond purchases and signaled it is considering hikes in interest rates in 2022.
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