The Bond Market Is Shaking Wall Street Again, This Time
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Georgia college student gets bond at immigration hearing
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"Major financial events often happen first in Japan, for example the late-1990s tech bubble bursting first in Japan," Albert Edwards wrote Thursday.
US President Donald Trump’s signature tax bill passed the 435-member House of Representatives on Thursday morning by one vote. The sprawling, multitrillion-dollar package proposed by Republicans, which would (among many other things) slash funding for safety net programs in favor of extending tax cuts,
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.
Bond yields have spiked this week on investor concern over the tax bill swelling the US deficit. Here's why markets are worried.
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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.
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.