23 March 2020
Treasury Yields Fell on Friday, Capping Off a Wild Week for the Bond Market, as the Coronavirus Pandemic Continues to Keep Investors on Edge. The Yield on the Benchmark 10-Year Treasury Note Fell 18 Basis Points to About 0.93%, While the Yield on the 30-Year Treasury Bond Dropped 24 Basis Points to 1.52%. (CNBC) The Federal Reserve and Other U.S. Agencies are giving banks more leeway to ease debt burdens for borrowers hit hard by coronavirus without triggering rules that can put the loans in a regulatory penalty box. (Bloomberg) Senate Democrats Blocked Majority Leader Mitch McConnell’s Attempt to Advance a Coronavirus Economic Rescue Package Sunday After Leaders in Both Chambers Disagreed on How to Spend Nearly $ 2 Trillion. The 47-47 vote, with 60 needs to advance the measure, puts in question mcconnell`s plan for the senate to pass the bill Monday. Republicans and Democrats Alike want an immediate and extensive rescue for an economy ravaged by the coronavirus. But they continue to differ on key sections. (Bloomberg) Source: Danareksa Securities Debt Research Photo by Trent Szmolnik On Unsplash