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Bond yields jump as Biden backs $2T coronavirus stimulus

Added 01-14-21 09:04:02am EST - “Longer-dated U.S. Treasury yields? rallied? Thursday morning after reports said President-elect Joe Biden has backed a COVID-19 relief package worth up to $2 trillion.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “Bond yields jump as Biden backs $2T coronavirus stimulus”. Below is an excerpt from the article.

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The Biden administration is looking at ways to reform the criminal justice system. FOX Business' Edward Lawrence with more.

Longer-dated U.S. Treasury yields rallied Thursday morning after reports said President-elect Joe Biden has backed a COVID-19 relief package worth up to $2 trillion.

The size of the stimulus package is larger than the $1.3 trillion plan that soon-to-be Senate Majority Leader Chuck Schumer, a Democrat from New York, was seeking, according to Bloomberg.

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