Yields ascended to four-month highs on Tuesday night after White House Chief of Staff Mark Meadows said Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi had made “good progress” toward a deal on a new coronavirus aid bill, although Meadows warned the two sides “still have a ways to go.”
Following Pelosi and Mnuchin’s meeting on Tuesday, Meadows told CNBC’s “Closing Bell” that the two will talk again on Wednesday, and that he hopes to see “some kind of agreement before the weekend.”
President Donald Trump has said he is willing to accept a large relief package despite opposition from within his own Republican party, while Pelosi told Bloomberg TV on Tuesday that she is “optimistic” about a potential accord.
Source Article from https://www.cnbc.com/2020/10/21/treasury-yields-climb-on-renewed-stimulus-optimism.html
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