Trump, Tax Bill and Bond Market
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Growing concern about the national debt impacted home borrowing rates this week. Mortgage rates track the benchmark 10-year Treasury yield, which climbed higher as bonds sold off
Longer-dated U.S. bond yields crept back above 5% early Wednesday, as part of a broader global bond selloff. Thirty-year yields had surged Monday on concerns about the U.S. fiscal outlook, only to pull back.
1don MSN
Treasury yield reaching 5% would be a hazard for stocks but buying a buying opportunity for bonds, one strategist says.
Super-long JGB yields have been rising for weeks against a backdrop of elevated U.S. Treasury yields, with those on 30-year bonds spiking to 1-1/2-year peaks above 5% on Monday in the aftermath of a Moody's downgrade.
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Long-term borrowing costs for the world’s biggest economies are surging as investors question the ability of governments to cover massive budget deficits.
Fears over Trump's multitrillion-dollar budget plan and rising inflation drive the Dow 800 points lower and Treasury yields to their highest levels in more than a year.
Yields of government bonds with the longest maturities have risen sharply not just in the United States, where the chaotic first months of Donald Trump's second term in the White House are causing investors to demand better returns on their bond holdings, but also in Japan and Britain.
The bond market is flashing a warning sign about the economy. Treasury yields continued their ascent in early trading, with 30-year yields touching 5.117%. On Wednesday, they settled at their highest level since 2023.