Bond yields rise modestly after Trump's dividend pledge
Bond yields ticked up slightly on Thursday, after President Trump pledged to send a $5,000 dividend to every American adult if Republicans win the midterms. The yield on the 10-year U.S. Treasury bond closed at roughly 4.96 percent, roughly 1.3 basis points above where it opened. The note closed at its highest point since April...
President Trump has promised to distribute $5,000 to every U.S. adult if the GOP wins the midterms. This pledge has drawn backlash from both Republicans and Democrats.
Palantir cofounder Joe Lonsdale, who endorsed Trump ahead of the 2024 election, has criticized the proposal, calling it a "bribe" and invoking the phrase "bread and circuses," which refers to using food and entertainment to placate the masses. Lonsdale questioned why the administration would stop at $5,000, suggesting that if the idea is to make people rich, then why not give them more.
The proposal has been made as the Republican Party faces an uphill task in the midterms, with Trump's approval ratings at an all-time low and recent losses for Trump-supported candidates in GOP primaries. According to The Hill, Trump's allies are being forced to respond to the backlash.
Brief written by urgent.news from The Hill, Business Insider, Hindustan Times - World News, Punch Nigeria — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Trump sees backlash over $5K dividend pledge thehill.com
