CoinVoice has learned that T. Rowe Price Chief Information Officer Arif Husain said in a report that the likelihood of passing a large-scale fiscal plan before the U.S. Congress's summer recess is increasing.

As the Trump administration has not fully resolved its tax cut agenda, fiscal expansion is expected to become the next overriding focus of the market. Fiscal expansion could support economic growth, but most importantly, it may put greater pressure on the U.S. Treasury market. Rising inflation and further global fiscal expansion are unfavorable for U.S. Treasuries, and it is expected that the 10-year Treasury yield will reach 6% in the next 12 to 18 months.[Original link]