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Biden Looks For Student Loan Forgiveness At $10k

US
BulletMarketsFixed IncomeForeign Exchange
  • Bloomberg reports that the White House is considering forgiving at least $10,000 in student loans per borrower through executive action.
  • Biden indicated yesterday that he wanted to move ahead with the forgiveness but not at a previously mooted $50k per borrower.
  • Despite some fears that it could weigh on inflation, front-dated Treasuries see little impact on a day that yields are currently up 9bps in moves helped by strong European inflation and then strength in the US employment cost index plus personal spending.
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  • Bloomberg reports that the White House is considering forgiving at least $10,000 in student loans per borrower through executive action.
  • Biden indicated yesterday that he wanted to move ahead with the forgiveness but not at a previously mooted $50k per borrower.
  • Despite some fears that it could weigh on inflation, front-dated Treasuries see little impact on a day that yields are currently up 9bps in moves helped by strong European inflation and then strength in the US employment cost index plus personal spending.