Authorities bond yields fall after the UK hits a post-Brexit commerce deal
Government bond yields fell Thursday after the UK and the European Union reached new Brexit trade deals.
The yield on the benchmark 10-year Treasury note fell to 0.948%, while the yield on the 30-year Treasury note traded lower at 1.689%. Bond yields move inversely with prices.
Negotiators from Great Britain and the European Union reached a free trade agreement on Thursday after months of political disputes over important sticking points such as fisheries.
In the US, President Donald Trump vetoed a comprehensive defense bill on Wednesday and broke with the Republican-led Senate. The move came after threatening not to sign the $ 900 billion Congressional Covid bailout package in what was labeled an inappropriate “shame”.
House Republicans blocked the Democrats’ attempt to make $ 2,000 direct payments on Thursday as the fate of a congressional coronavirus bailout package is pending.
No major economic data has been released for Thursday. Auctions for 4-week $ 30 billion Treasury bills and $ 35 billion 8-week bills are scheduled to take place.