Janet Yellen, the nominee for Secretary of the Treasury, has said that the environment is one of low interest rates, which justifies the investment. Ten-year Treasury yields have fallen to 1.092% from close to 1.12% earlier in the day.
Yellen has emphasized that Congress should pass additional fiscal support to avoid scarring the economy instead of worrying about debt. He has also pointed to a constant debt / GDP ratio despite the absolute amount of liabilities. Yellen has also asked for more investment.
The US dollar is stable, with EUR / USD hovering around the 1.2120 region.
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