"Vaccine rollouts remain the game's name and drive the narrative, even with the EU lagging, as investors view this delay in the context that the catch-up is but a function of time," he said.
"It's a once-in-a-generation investment in America, unlike anything we've seen or done since we built the interstate highway system and the space race decades ago."
Demand was evident at the long end of the curve with the 10-year yield last down 1.4 basis points at 1.710% after rising to a 14-month high on Tuesday.
The $3 trillion-$4 trillion infrastructure package will target traditional projects like roads and bridges alongside investments in the electric vehicle market.
On Tuesday, President Biden released his first slate of 11 federal judicial nominations including nine women of diverse backgrounds.
“We are proud to have played an instrumental role in making this appointment happen and thank President Biden, Senator Cory Booker, Senator Bob Menendez, Senator Charles Schumer and many other elected officials for hearing our calls about the need for a Muslim American Federal Judge."
The first phase of Biden's "Build Back Better" program, which he will unveil in a speech in Pittsburgh, will detail massive investment spread over eight years.
Still, at least 300 Hondurans left Tuesday in a new caravan headed for the US border. Since October 2018, more than a dozen caravans have left Honduras, heading north.
The children have overwhelmed CBP and HHS facilities, bringing criticism of Biden for overcrowding and forcing a rapid search for new capacity to hold them, as in Fort Bliss.
Under the US Constitution, the president nominates people to serve on the Supreme Court and other federal courts for life, and the Senate votes on whether to confirm them.