10-year Treasury yield at 1.1 percent

The 10-year U.S. Treasury yield held above the 1.1% mark early on Wednesday, as Democrats pushed forward with trying to pass President Joe Biden’s US$1.9 trillion stimulus plan.

The yield on the benchmark 10-year Treasury note climbed to 1.11 percent at 4:00a.m. eastern time while the yield on the 30-year Treasury bond climbed to 1.884 percent. Yields move inversely to prices, CNBC reports.