Treasury Yields Rise As Stimulus Bill Eases Fears — Market Talk

Wall Street closes with a modest gains on Brexit deal, stimulus hopes
December 28, 2020
Reuters Interview
December 28, 2020

Treasury Yields Rise As Stimulus Bill Eases Fears — Market Talk

A risk-off mood sends Treasury bonds tumbling, with the benchmark 10-year yield rising to 0.953 from 0.933% on Thursday. The bulls are riding on Trump’s approval of the stimulus bill. Investors are also increasingly seeking inflation protection, with the spread between the 10-year Treasury and the inflation-protected 10-year TIPS approaching 2%. Spartan’s Peter Cardillo says part of the bullishness may stem from usual end-of-quarter portfolio adjustments as concerns over the economy ease.