Treasury yields move lower amid talks over new stimulus checks

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Treasury yields move lower amid talks over new stimulus checks
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U.S. government debt prices were higher on Tuesday amid discussions over a new fiscal stimulus round.

U.S. lawmakers have been discussing a new round of fiscal stimulus as the coronavirus pandemic continues to take a toll on the economy. Policymakers in the U.S.

Congress seemed to agree that a second round of stimulus checks is needed, but have not yet reached a deal over the details, including on how much dependents should get.The U.S. Treasury is due to auction $30 billion in 42-day Commercial Mortgage-Backed Securities and another $30 billion in 119-day CMBS on Tuesday.

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