Authorities bond yields are transferring as steered within the newest financial stimulus package deal
U.S. Treasury bond yields rose Tuesday morning after lawmakers announced its latest stimulus spending proposal to help the country’s economy, which continues to grapple with the spread of the coronavirus.
The yield on the benchmark 10-year Treasury note rose to 0.901% at 5:17 am CET, while the yield on the 30-year Treasury note rose to 1.637%. The returns move inversely to the prices.
Government bond yields rose after lawmakers tabled another economic relief package Monday night that split the previously proposed $ 908 billion bipartisan stimulus package into two parts.
A first bill of $ 748 billion would be used for spending on programs preferred by both Democrats and Republicans, while the second bill of $ 160 billion would be for state and local aid.
The U.S. administered its first shots of the Pfizer BioNTech coronavirus vaccine on Monday. The confirmed Covid-19 death toll is now well above the 300,000 mark, data from Johns Hopkins University showed.
The vote at the electoral college on Monday cemented President-elect Joe Biden’s victory. Voting is usually a formality and takes place one month after election day.
November export and import price data is released at 9:30 a.m. CET, along with December figures from the New York Empire State Manufacturing Index.
November industrial production data is expected to be released at 10:15 a.m. CET, followed by an update to the IBD / TIPP index of economic optimism in December at 11 a.m. CET.
The October Treasury Department net cash flow figure, showing the amount of US investment assets bought and sold that month, is due at 5:00 p.m. ET. The US foreign bond investment figures for the same month, in addition to the Treasury Department’s long-term international capital flows, are also released at 5:00 p.m. (CET).
A weekly update of the share swap in Crude Oil is scheduled at 5:30 p.m. ET.
Auctions will be held Tuesday for 119-day invoices valued at $ 30 billion and 42-day invoices valued at $ 30 billion.