Notes today: 

• Rates are getting interesting. An unsuccessful auction of seven-year Treasuries didn’t help.

• Real gross domestic product (GDP) increased at an annual rate of 4.1 percent in the fourth quarter of 2020 

• U.S. employment grew by 11.8 million from December 2000 to December 2020. The gain was due to increased employment of people age 60 and older. 

• Costco, ahead of Sanders: the US second-largest retailer is adopting a $16 minimum wage for its 180,000 employees next week.
• In the coming days, I will be working with my colleagues in the Senate to move forward with an amendment to take tax deductions away from large, profitable corporations that don’t pay workers at least $15 an hour and to provide small businesses with the incentives they need to raise wages,” Sanders said in a statement.