Delta, United Not Revising South Africa Flights Amid Variant Concerns

WASHINGTON—Delta Air Lines and United Airlines said on Friday they do not plan any changes to their South Africa-U.S. routes after the White House said it plans to impose new travel curbs on southern Africa starting Monday amid concerns about a new COVID-19 variant. Delta and United are the only U.S. passenger carriers that have direct flights to southern Africa. Delta currently operates service between Johannesburg and Atlanta three times weekly and the U.S. airline said “there are no planned adjustments to service at this time.” The White House said it plans to bar entry to most non-U.S. citizens who have been in South Africa and seven other African countries within the last 14 days. Airlines for America, a trade group representing major U.S. passenger and cargo carriers, said Friday it remains “in communication with the U.S. government as specifics remain unknown at this time and there are many unanswered …

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US Bond Funds See First Weekly Outflow in Over Four Months: Lipper

U.S. bond funds posted a net outflow in the week to Nov. 24 as investors raised bets that the Federal Reserve would become more aggressive in normalizing monetary policy to fight inflation after President Joe Biden nominated Jerome Powell as chairperson for a second term. According to Refinitiv Lipper data, investors sold U.S. bond funds worth a net $158 million, the first outflow since the week to July 14. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, rose to 0.687 percent on Tuesday, its highest level since early March 2020. However, Treasury yields dipped on Friday as concerns about a new COVID-19 variant drove demand for safe-haven assets. U.S. taxable bond funds faced net selling of $1.08 billion compared with inflows of $3.97 billion in the previous week. Municipal bond funds attracted $598 million in net buying, the smallest in four weeks. U.S. short/intermediate …

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