The third round of stimulus was approved last week and the markets quickly reacted with an increase in the 10 years treasury yield.

This upward trend has flattened as the Biden administration is proposing the first tax hikes since 1993. If enacted, these tax increases will create headwinds for the recovery which normally would help keep interest rates in check . However, inflation has started to increase  as the federal reserve continues to issue massive amounts of debt.

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