Longer-dated bond yields touched 5%, after the U.S. lost its last triple-A credit rating and a tax bill that would worsen the U.S. budget deficit [passed a key hurdle](

Treasury yield surges past 5% as Moody's strips last AAA rating. The 30-year climbed above 5.00% for the first time since April's tariff announcement, while the 10-year spiked 10 basis points to 4.54% amid escalating funding costs.

In an interview with CNN’s Jake Tapper, Treasury Secretary Scott Bessent defends Qatar’s $400 million luxury jet gift to President Donald Trump, stating the plane ‘would be a gift to the American government.

Stock futures fell and Treasury yields soared on Monday as investors responded to news that a major ratings agency had downgraded its assessment of U.S. federal government debt.

Fresh disclosures show that the National Treasury netted Sh32.94 billion in surplus funds from regulatory authorities in the financial year ending June 2024.

Foreign demand for long-dated U.S. debt appears to be waning, according to Torsten Slok, chief economist at Apollo Global Management. Slok highlighted the troubling Treasury-market trend in a chart shared with MarketWatch on Monday.

U.S. Treasury Secretary Scott Bessent will attend the Group of Seven finance leaders' meeting in Canada next week and will seek to refocus the group on addressing trade imbalances and non-market economic practices,