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World Insights: Biden s massive relief package poses risks to emerging markets amid rising U.S. bond yields 2021-03-11 07:35:32 GMT2021-03-11 15:35:32(Beijing Time) Xinhua English by Xinhua writers Gao Pan, Xiong Maoling, Xu Yuan WASHINGTON, March 10 (Xinhua) Emerging markets could become a casualty of the 1.9-trillion-U.S.-dollar COVID-19 relief bill passed by U.S. Congress on Wednesday, as rising U.S. bond yields are likely to trigger a reversal of capital flows from the developing world, economists said. U.S. President Joe Biden plans to sign the latest relief bill into law on Friday, according to the White House. It marks the sixth coronavirus-related legislation enacted by U.S. Congress since the pandemic began more than a year ago.

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