Finance

Treasury yields fall as traders weigh U.S. coronavirus stimulus prospects

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Treasury yields slipped on Tuesday as traders digest the latest news surrounding a potential U.S. fiscal stimulus package along with muted inflation growth.

The 10-year Treasury yield fell by 5 basis points to 0.7248%. The 30-year bond rate slid to 1.51%. The 2-year yield also pulled back to 0.141%. Yields move inversely to prices.

House Speaker Nancy Pelosi, D-Calif., told fellow lawmakers in a letter that the White House’s proposal for new coronavirus aid has insufficient offers on health-care issues. Meanwhile, Senate Majority Leader Mitch McConnell, R-KY, said Tuesday the legislative body would vote next week on a smaller stimulus package.

Pelosi and McConnell’s comments came after…



Source cnbc.com

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