GOP bill, deficit Dimon
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Bond yields have spiked this week on investor concern over the tax bill swelling the US deficit. Here's why markets are worried.
11hon MSN
Federal Reserve Governor Christopher Waller said markets are demanding higher Treasury yields due to concerns about tax cuts widening the federal budget deficit.
With the Trump administration increasingly focused on striking deals to help weaken the dollar, a team of analysts at Deutsche Bank crunched the numbers and determined just how much the greenback would need to weaken to eliminate the U.
The sell-off in bonds accelerated midweek after a weak Treasury auction and as investors worry that Trump's tax bill will add trillions to the deficit.
Treasury debt continued its wild ride on Wednesday, with yields soaring amid concerns about the U.S. government’s unsustainable deficit spending.
Stocks closed flat on Thursday after swinging from losses to gains, while bond activity indicated worries about the U.S.' fiscal future.
London equities fell on Thursday in broad-based declines as concerns over a deteriorating fiscal outlook in the U.S. and higher-than-expected UK government budget deficit dampened investor sentiment.
Gold steadied after its first decline this week, as some traders turned to long-term US government bonds and the dollar instead of the precious metal.
Former Treasury Secretary Steven Mnuchin said he’s more alarmed by the country’s growing budget deficit than its trade imbalances.