US bond prices fell Monday morning after President Donald Trump signed a $ 900 billion Covid-19 bill.
The yield on the 10-year Treasury bill, which is inversely related to price, rose to 0.9514%. During the 30-year government bond, it rose to 1.6918%.
Trump prevented the government from closing late Sunday and extended unemployment benefits to millions of Americans. The signing came days after Trump proposed vetoing the legislation and calling for $ 2,000 in direct payments to Americans instead of $ 600. US stock futures rose slightly on the news.
“I’m signing this bill to restore unemployment benefits, stop evictions, provide rental support, add money for PPP, get our airline employees back to work, add significantly more money to distribute vaccines, and much more,” Trump said in a statement on Sunday evening.
– CNBC’s Yun Li contributed to this article.