The US Treasury yields jumped on Thursday after reports stated that the US President-elect Joe Biden is considering a $2 trillion stimulus – significantly higher than $1.3 trillion recommended by Senator Chuck Schumer. The 10-year yield rose from 1.076% to 1.11%, putting a bid under the US dollar. Meanwhile, the two-year yield rose from 0.143% to 0.157%. Bonds fell, pushing yields to multi-month highs last week after Goldman Sachs said Biden would unveil a $750 billion fiscal stimulus plan, including some $300 billion in stimulus cheques to Americans. While Biden is now reportedly planning to propose a much bigger spending package of $2 trillion, it is still less than the $3 trillion figure disclosed by Axios last week. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Cardano Price Forecast: ADA battles this crucial barrier for the ultimate liftoff to $0.4 FX Street 2 years The US Treasury yields jumped on Thursday after reports stated that the US President-elect Joe Biden is considering a $2 trillion stimulus - significantly higher than $1.3 trillion recommended by Senator Chuck Schumer. The 10-year yield rose from 1.076% to 1.11%, putting a bid under the US dollar. Meanwhile, the two-year yield rose from 0.143% to 0.157%. Bonds fell, pushing yields to multi-month highs last week after Goldman Sachs said Biden would unveil a $750 billion fiscal stimulus plan, including some $300 billion in stimulus cheques to Americans. While Biden is now reportedly planning to propose a much bigger spending… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
