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The 10-year US Treasury yield hit a one-week high today. After President Donald. Trump has initiated a process of transferring power to the president of the United States, Joe Biden.
At 12:38 a.m. M. ET, the US 10-year government bond yield rebounded to 0.885%, the highest since Nov. 18, while the 30-year government bond yield increased. At the 1.605% level
Bond prices and bond yields move in opposite directions.
President Donald Trump has commissioned the director of the General Services Administration (GSA), Emily Murphy, to initiate a process of transfer of power to the administration of US President Joe Biden. and What gives Biden access to various resources. Required to transfer power So you can seamlessly enter the White House.
The GSA also approved more than $ 7 million to fund the transfer of power from the president to Biden.
Investors are watching the minutes of the Fed’s daily November 4-5 meeting due tomorrow. Finding signs of further easing of monetary policy by the Fed to mitigate the effects of the COVID-19 epidemic.
