Trump Promises $5,000 Payments, Heightening Uncertainty in the Treasury Market
Trump has promised that if the Republican Party wins the midterm elections, he will distribute $5,000 to every American. This move has increased uncertainty in the bond market ahead of the U.S. 30-year Treasury auction. U.S. Treasury yields have fluctuated within a narrow range, with the 30-year yield approaching its highest level since the global financial crisis. The market is focused on the $22 billion 2056 maturity Treasury bond to be issued on Thursday and this week's upcoming CPI data.
-- Price
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