Scott Olson | Getty Images
U.S. government debt prices were muted Wednesday morning as investors monitored potential stalls on both a federal stimulus package and Covid-19 vaccine and treatment trials.
The 10-year Treasury yield traded at 0.712%. The 30-year bond rate dipped to 1.5%. Yields move inversely to prices.
Democrats and Republicans remain at odds over the size and scope of a potential coronavirus relief bill, with House Speaker Nancy Pelosi saying Tuesday that a $1.8 trillion package proposed by the White House “falls significantly short.”
Senate Majority Leader Mitch McConnell said Tuesday that the Senate will vote on a limited stimulus bill later this month.
Some headwinds for risk-on sentiment arose after Eli Lilly said Tuesday afternoon that it would pause its trial of a coronavirus antibody treatment. This followed Johnson & Johnson‘s earlier announcement that it halted its vaccine trial after an “adverse event” was reported.
Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.