The Senate’s nonpartisan parliamentarian Monday ruled in favor of a Democratic effort to pass additional legislation through a process called reconciliation, according to a spokesman for Senate Majority Leader Chuck Schumer, D-N.Y., opening the door for Democrats to approve more measures along party lines in the Senate this year.
U.S. Treasury yields retreat on Monday, as investors looked past another round of improving economic data from the pandemic-battered services sector amid questions over whether traders who wagered on rate hikes were getting ahead of themselves.