US bond prices fell on Monday morning after President Donald Trump signed a $ 900 billion Covid-19 bill.
The yield, which has an inverse relationship to the price, rose to 0.9514% on the 10-year treasury note. On the 30-year treasury, it rose to 1.6918%.
Trump averted a government strike late Sunday, extending unemployment benefits to millions of Americans. The signing took place days after Trump proposed he would veto the legislation, demanding $ 2,000 direct payments to Americans, instead of $ 600. US stock futures rose slightly on the news.
“I am signing this bill to restore unemployment benefits, stop evictions, provide rental assistance, add money to PPP, put our airline workers back to work, add significantly more money for the distribution of vaccines, and much more. “Trump said in a statement Sunday night.
—CunBC’s Yun Li contributed to this article.