The yield on US 10-year Treasury bonds continued to climb above the 1% mark Thursday morning, after the Democrats were expected to win two seats in the Senate in the Georgia run-off election.
Treasury yields extended gains from the previous session, with the Congress after confirmation Joe Biden was elected president Thursday morning.
This comes a day later Dramatic scenes of rioters President Donald Trump supported the storming of the Capitol on Wednesday.
This was after Trump, during a rally earlier in the day outside the White House, encouraged thousands of his supporters to march to the Capitol to protest against installing Joe Biden as the next president. Ultimately the electoral vote count resumed.
Before the Capitol conquest, NBC News expected Democrat John Usoff defeated Republican David Purdue On one of the replays in the Senate of Georgia.
This came on the heels of Democrat Raphael Warnock’s expected defeat of Republican Senator Kelly Loeffler over Georgia’s other seat in the Senate.
These predicted victories would give the Democrats a slim majority in the Senate, with 50-50 seats split and Vice President-elect Kamala Harris as the watershed vote. This means that the Democrats will have unified control of Congress and the White House when Biden takes office.
at the same time, A minute from the last US Federal Reserve meetingReleased on Wednesday, it showed that the central bank will deliver a lot of notices to the public before curtailing its bond-buying program.
On Thursday, the Trade Balance data for November, which shows the difference between the value of US exports and imports, is expected at 8:30 AM ET. Unemployed claims are also due at this time.
December ISM non-manufacturing numbers will be released at 10 a.m. ET.
Patrick Harker, president of the Federal Reserve Bank of Philadelphia, will be giving a speech at 9 am ET. St. Louis Fed President James Bullard is scheduled to speak at 12 PM, followed by Chicago Fed President Charles Evans at 1 PM ET.
Auctions will be held on Thursday for $ 30 billion in bills for 4 weeks and $ 35 billion for 8-week bills.
– CNBC’s Amanda Macias and Dan Mangan contributed to this report.