File Photo: View of the New York Stock Exchange at Wall Street on Nov. 16, 2020 in New York City.
Treasury yields fell on Thursday after the U.K. and the European Union agreed on new Brexit trading arrangements.
The yield on the benchmark 10-year Treasury note fell to 0.948%, while the yield on the 30-year Treasury bond traded lower at 1.689%. Bond yields move inversely to prices.
Negotiators from Britain and the European Union reached a free trade agreement on Thursday after months of political wrangling over key sticking points such as fisheries.
Stateside, President Donald Trump vetoed a sweeping defense bill Wednesday, breaking with the Republican-led Senate. The move came after he threatened not to sign Congress' $900 billion Covid relief package, calling it an unsuitable "disgrace."
House Republicans on Thursday blocked Democrats' attempt to pass $2,000 direct payments as the fate of a coronavirus relief package passed by Congress hangs in the balance.
There are no major economic data released scheduled for Thursday. Auctions for $30 billion in 4-week Treasury bills and $35 billion in 8-week bills are set to take place.
