Yields Surge As Stunned Traders Learn Biden To Propose Massive $2 Trillion Stimulus
Zero Hedge: Last week, Goldman sparked a buying frenzy in the market (and selling in treasuries) when the bank said it expects the Biden admin would unveil a “modest” $750 billion fiscal stimulus plan, including some $300 billion in “stimmy” checks to Americans.
However, as bank after bank tried to upstage Goldman and threw around stimulus estimates as high as $1 trillion or even more, the market barely noticed when late this afternoon, incoming Senate majority leader, Chuck Schumer reportedly “pressed” (in Bloomberg’s words) Joe Biden to propose more than $1.3 trillion in spending for his initial round of Covid-19 relief. Read More




