US Treasury yields rise on reports Biden to propose $2 trillion stimulus

US Treasury yields rise on reports Biden to propose $2 trillion stimulus

The US Treasury yields jumped on Thursday after reports stated that the US President-elect Joe Biden is considering a $2 trillion stimulus - significantly higher than $1.3 trillion recommended by Senator Chuck Schumer.

The 10-year yield rose from 1.076% to 1.11%, putting a bid under the US dollar. Meanwhile, the two-year yield rose from 0.143% to 0.157%. 

Market Run : 

USDX : 90.37 (+0.05)

XAUUSD : $1839.35 (-$6.00) , drop from daily high 1852

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