Reported 1 day ago
The bond market is under pressure again as concerns grow about potential tax cuts adding to the U.S. government's debt. Following the House's approval of a tax break bill, Treasury yields have spiked, causing turbulence in the stock market, particularly impacting the S&P 500. While some experts caution against overreacting, the rising yields indicate broader economic implications, potentially leading to higher borrowing costs for consumers and businesses, which could slow down the economy.
Source: YAHOO