Wednesday, January 20, 2021
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Delay to Senate vote on $2,000 stimulus checks


U.S. government debt prices were lower on #Wednesday morning after a top U.S. #Republican lawmaker moved to postpone a #Senate vote on increased pandemic relief checks.

#At around 5:35 a.m. ET, the yield on the benchmark 10-year #Treasury note was higher at 0.9514%, while the yield on the 30-year #Treasury bond was also higher at 1.6932%. #Yields move inversely to prices.

#Republican #Senate #Majority #Leader #Mitch #McConnell on #Tuesday blocked an attempt to unanimously pass a bill to increase direct payments in the year-end coronavirus relief package to $2,000.

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#McConnell faces pressure to act after the #House — with nearly all #Democrats and a few dozen #Republicans on board — voted #Monday to increase the cash deposits to $2,000 from $600.

#Senate #Republicans wary of spending more on pandemic aid are looking for a way to both meet the demands of a president who called the year-end coronavirus relief and funding bill a disgrace and hold on to their majority during races overshadowed by the crisis.

#On the data front, advance economic indicators for #November are scheduled to be released at around 8:30 a.m. ET. #Chicago #Purchasing #Managers’ #Index (PMI) data for #December and pending home sales for #November will both be released slightly later in the session.

The U.S. #Treasury will auction $25 billion in 105-day bills and $30 billion in 154-day bills on #Wednesday.

— CNBC’s #Jacob #Pramuk contributed to this report.



[ source link ]
https://www.cnbc.com/2020/12/30/us-bonds-delay-to-senate-vote-on-2000-stimulus-checks.html

##Delay ##Senate #vote #stimulus #checks

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