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Tsys Steady After McConnell Blocks Stimulus Checks Increase


Tight re-open for U.S. Tsys as participants digest local fiscal developments. T-Notes last trade unch. at 137-29+, respecting a 0-01+ range. Cash Tsy yields are unch. to marginally lower across the curve. Eurodollar futures are unch. to -0.5 tick through the reds.

  • Senate Majority Leader McConnell blocked a motion filed by Democratic lawmakers to approve a boost to stimulus checks unanimously, despite pressure from U.S. President Trump to swiftly pass the bill. McConnell also objected Senator Bernie Sanders' motion to vote on the checks immediately after the vote on overriding Trump's veto of a defence bill. Finally, McConnell suggested that he could package the checks bill with liability protections for tech companies & an investigation into election-related matters.

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