"I think the reality is, even though there's a pretty big knee jerk reaction here, this just delays it," said Jon Hill, senior fixed income strategist at BMP. "There is another program coming. It's just now clear it will not occur until after the election. But 10s only fell to 0.72 or 0.73, which not too long ago was the top of the range. Even after this news, the 10-year yields are higher than where they were yesterday morning.
"We've got trillions on the table," said Greg Faranello, head of U.S. rates at AmeriVet Securities. He said he ultimately expects a roughly $1.5 trillion or more fiscal stimulus package even with a setback, and then another big package from Biden, if he wins. Since the debate last week, Biden has been rising in polls and betting markets. He leads by 9 percentage points in"The polling is definitely skewing toward a Biden presidency with the potential for that to trickle down to Congress. Should that be the case, there would be a fair amount of spending," said Faranello. "It's likely to be sooner rather than later."
IF ? Calling Dr Fauci.. please report to White House for 2nd opinion. Calling Dr Fauci.. Calling Mr Pence.. please report for duty. Election2020
Democrats like to mortgage your future to your grandchildren’s.
It will now be left up to newly elected President Biden to work out a stimulus deal once America throws Trump out of office on November 3rd for his incompetence, dereliction of duty and multiple crimes against America!
They spent the entire $1200 check in 6 months?
Trump is suffering from the White House Virus. He can’t lead our nation during this crisis.
Tomahawk missile to Pelosi 💵helicopter .... 👏👏👏
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Source: CNBC - 🏆 12. / 72 Read more »