TREASURIES-Yields rise on stimulus optimism, shaking off weak data
12/17/2020 | 04:34pm EDT
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NEW YORK, Dec 17 (Reuters) - Long-dated Treasury yields rose
on Thursday afternoon on hopes the U.S. Congress would pass a
$900 billion stimulus package before the weekend, shaking off
morning data showing distress in the labor market.
Republicans and Democrats in Congress were scrambling to
pass a new round of aid after months of inaction, with lawmakers
from both parties saying that COVID-19 s worsening toll meant
failure to agree was no longer an option.
The U.S. government would be required to issue more debt to