Treasury yields rise on news that Biden will propose a $ 2 trillion stimulus

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US Treasury yields have risen on Thursday after news reports indicated that the US president-elect, Joe Biden, is considering a stimulus of 2 trillion dollars, significantly higher than the $ 1.3 trillion recommended by Senator Chuck Schumer.

The yield on the 10-year bond has risen from 1.076% to 1.11%, benefiting the US dollar. Meanwhile, the two-year yield rose from 0.143% to 0.157%.

Bonds fell, taking yields to multi-month highs last week after Goldman Sachs said Biden would unveil a $ 750 billion fiscal stimulus plan, including about $ 300 billion in stimulus checks for Americans.

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