Trump signs Covid relief law

US bond prices fell Monday morning after President Donald Trump signed a $ 900 billion Covid-19 bill.

The yield, which is inversely related to the price, on the 10-year Treasury rose to 0.9514%. While on the 30-year government bond it rose to 1.6918%.

Trump on Sunday prevented government shutdown and extended unemployment benefits to millions of Americans. The signing came days after Trump suggested he veto the legislation and demanded $ 2,000 direct payments to Americans instead of $ 600. US stock futures rose slightly on the news.

“I am signing this bill to restore unemployment benefits, stop evictions, provide rental support, add money for PPP, get our airline workers back to work, add significantly more money for vaccine distribution and much more” Trump said in a statement on Sunday. evening.

—CNBC’s Yun Li contributed to this article.

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