Fed research on countercyclical fiscal policies:
"We assess the effectiveness of three fiscal stimulus policies employed during recent recessions. Unemployment insurance extensions are the clear 'bang for the buck' winner" https://t.co/aQZVLVMFrg
Here is where we are now in the U.S. Treasury Bond Market:
2 Year: 4.52%
5 Year: 4.37%
10 Year: 4.13%
30 Year: 4.13%
Note how the long end is flat. Sign of yield increase exhaustion.
Treasury yields may well be peaking between now and year-end.