Tax Bill, Bond Market
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College student detained by ICE to be released on bond
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From ho-hum debt auctions to plunging long-term bond prices, investors are sending a clear message to governments that in the current climate of uncertainty they need to pay more to borrow for decades ahead.
Bond yields have spiked this week on investor concern over the tax bill swelling the US deficit. Here's why markets are worried.
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
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Bond vigilantes continued to stalk global debt markets on Thursday, also keeping the dollar and stocks subdued, as the U.S. House of Representatives passed President Donald Trump's "big beautiful" tax bill by a single vote.
With the U.S. economy close to full capacity, more borrowing adds inflationary pressure, and so could lead the Fed to keep rates higher for longer.
The Japanese government bond market was already having a bit of a springtime nightmare, but a poor auction of 20-year debt earlier this week has sent long-end yields soaring to their highest levels ever.
Republicans brought the president’s tax cuts one step closer to reality, but Wall Street remains on edge about the fiscal costs.
Japan's super-long government bond yields have spiked to record highs, as mounting political calls for tax cuts and big spending draw investors' attention to the country's fiscal woes.
Since the 10 inmates escaped on May 16, five have been recaptured and three people have been charged with helping them.