Bond Report: 10-year Treasury briefly surges past 1.6% as $1.9 trillion relief bill nears

The 10-year Treasury note on Monday sees a pick up in selling, pushing the yield on the benchmark debt to its highest level in more than a year, after the Senate over the weekend approved the Biden administration’s $1.9 trillion COVID-19 relief bill, moving the package closer to reality.

The 10-year Treasury note on Monday sees a pick up in selling, pushing the yield on the benchmark debt to its highest level in more than a year, after the Senate over the weekend approved the Biden administration’s $1.9 trillion COVID-19 relief bill, moving the package closer to reality.