On Thursday, bond yields increased slightly after President Trump announced a plan to distribute a $5,000 dividend to every American adult if the Republican Party wins the upcoming midterm elections. The yield on the 10-year U.S. Treasury bond closed at approximately 4.96 percent, which is about 1.3 basis points higher than its opening value. This closing yield marks the highest level since April.
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Bond Yields Increase Following Trump's Dividend Announcement
Bond yields rose modestly on Thursday, following President Trump's announcement of a proposed $5,000 dividend for American adults contingent on a Republican midterm victory. The yield on the 10-year U.S. Treasury bond reached approximately 4.96 percent, its highest since April.
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Bond yields rise modestly after Trump’s dividend pledge
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Bond Yields Increase Following Trump's Dividend Announcement