Home / NEWS / Finance / Treasury yields fall after U.K. reaches post-Brexit trade deal

Treasury yields fall after U.K. reaches post-Brexit trade deal

Resources yields fell on Thursday after the U.K. and the European Union agreed on new Brexit trading arrangements.

The yield on the benchmark 10-year Resources note fell to 0.948%, while the yield on the 30-year Treasury bond traded lower at 1.689%. Bond complies move inversely to prices.

Negotiators from Britain and the European Union reached a free trade agreement on Thursday after months of governmental wrangling over key sticking points such as fisheries.

Stateside, President Donald Trump vetoed a sweeping defense folding money Wednesday, breaking with the Republican-led Senate. The move came after he threatened not to sign Congress’ $900 billion Covid double package, calling it an unsuitable “disgrace.”

House Republicans on Thursday blocked Democrats’ attempt to pass $2,000 unmistakable payments as the fate of a coronavirus relief package passed by Congress hangs in the balance.

There are no major economic observations released scheduled for Thursday. Auctions for $30 billion in 4-week Treasury bills and $35 billion in 8-week tabulations are set to take place.

Check Also

My highest conviction call is investors are underestimating the strength of earnings season, Ally Invest’s Lindsey Bell says

Partition Street may be in for a surprise. Ally Invest’s Lindsey Bell believes investors are …

Leave a Reply

Your email address will not be published. Required fields are marked *