Treasury yields largely flat on the back of weaker jobs report

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Bonds yields were largely flat with only marginal upward movement on Monday as investors continued to digest Friday's jobs report.

Washington lawmakers' tug-of-war over an infrastructure spending package continues to be in focus. Democrats on Wednesday will begin preparing an infrastructure bill for a vote in the House, with or without Republican backing. President Joe Biden will once again discuss the possibilities for a deal with Republican leaders Monday after rejecting the GOP's latest bill offer for a $928 billion spending package on Friday. Biden's most recent spending proposal came in at $1.7 trillion.

Transportation Secretary Pete Buttigieg had previously said that Senate Democrats and Republicans must establish a clear direction on infrastructure by June 7.

 

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