Fall

Treasuries sell off as Joe Biden eyes $2 trillion stimulus package, while US stocks set to edge higher

4 days ago   |   By Business Insider

Speculation about Joe Biden's stimulus plans has caused bond prices to fall and yields to rise
Susan Walsh/AP
Treasury prices fell and yields rose after a CNN report said Joe Biden could launch a stimulus package worth $2 trillion, causing investors to brace for more bond issuance and higher inflation.
US stocks were set for a mixed start as markets awaited the details of Biden's plan and mulled over the spread of coronavirus.
Chinese stocks tumbled as coronavirus cases rose, but oil prices climbed as traders looked towards a vaccine-driven economic recovery.
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