Thornburg Investment Management's Christian Hoffmann in MarketWatch

Treasury yields rebound as crude and equity markets stabilize

Congress is rolling out another fiscal stimulus package

U.S. Treasury yields were higher Wednesday as stocks rose on a wave of stronger-than-expected corporate earnings reports and a new economic stimulus package passed by the U.S. Senate.
A rebound in crude prices after an oil futures contract traded below zero for the first time in history earlier this week also helped to ease demand for haven assets like government paper.
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