Longer dated U.S. government debt yields were rising Monday morning, while short-term notes were seeing muted action, a phenomenon often described as a bear steepener.
Biden, who last week cut the size of his infrastructure proposal to $1.7 trillion, told the lawmaker he wants at least $1 trillion in new spending over current levels versus $250 billion in the Republican plan, according to reports. Although, many investors saw the May rise in payrolls as mildly disappointing, the rebound from the April reading was a positive, some strategists have said.
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Source: CNBC - 🏆 12. / 72 Read more »
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Source: CNBC - 🏆 12. / 72 Read more »
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