Treasury yields fall after U.Okay. reaches post-Brexit commerce deal

Government bond yields fell Thursday after the UK and the European Union struck 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 United States, 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 “disgrace”.

House Republicans blocked Thursday’s attempt by the Democrats to make $ 2,000 direct payments as the fate of a coronavirus bailout package passed by Congress remains pending.

No major economic data is released for Thursday. Auctions for 4-week treasury bills of $ 30 billion and 8-week bills of exchange for $ 35 billion are scheduled to take place.

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