Rising Treasury Yields Tell Us About the Economy
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Bond ETFs, U.S. dollar fall
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An earlier rise for long-term Treasury notes followed Moody’s downgrade of the U.S. credit rating, raising national debt concerns.
Treasury yields fall and the dollar is little changed as Monday's "Sell America" trade recedes a bit. Concerns about the U.S. government debt flared up after the Moody's downgrade and the progress of a tax bill in Congress that looks poised to widen the already worrisome budget hole.
The Canadian Press on MSN1d
Wall Street tumbles under the weight of rising Treasury yields and US debt worriesU.S. stocks indexes are drifting after several retailers gave mixed forecasts for where they see their profits heading under the uncertainty caused by President Donald Trump’s trade war
Tax cuts pushed by President Trump are amplifying debt and deficit concerns among the powerful market players who influence interest rates.
Asia-Pacific markets were set to fall on Thursday, tracking declines on Wall Street. Japan's benchmark Nikkei 225 is set to open lower with the futures contract in Osaka last trading at 36,840 against the index's last close of 37,298.98.
Wall Street is slumping on Wednesday under the weight of pressure from the bond market, where Treasury yields climbed on worries about the U.S. government's spiraling debt and other concerns.