Bond yields rise modestly after Trump’s dividend pledge
Summary
Bond yields on 10-year U.S. Treasury notes rose slightly after President Donald Trump promised to give every American adult a $5,000 payment if Republicans win the midterm elections. The bond yield closed near 4.96 percent, its highest level since April.Key Facts
- President Trump pledged a $5,000 dividend payment to every American adult if Republicans win the midterms.
- Following this pledge, 10-year U.S. Treasury bond yields increased by about 1.3 basis points.
- The yield on the 10-year Treasury bond closed around 4.96 percent.
- This closing yield is the highest it has been since April.
- Bond yields rising means investors expect higher returns or more risk in the future.
- The midterm elections refer to congressional elections held halfway through a president’s term.
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